PROGRAMME OF ACTIVITIES DESIGN DOCUMENT FORM …PROGRAMME OF ACTIVITIES DESIGN DOCUMENT FORM...

PROGRAMME OF ACTIVITIES DESIGN DOCUMENT FORM (CDM-PoA-DD) - Version 01

CDM – Executive Board page 1

This template shall not be altered. It shall be completed without modifying/adding headings or logo, format or font.

CLEAN DEVELOPMENT MECHANISM PROGRAMME OF ACTIVITIES DESIGN DOCUMENT FORM

(CDM-PoA-DD) Version 01

CONTENTS

A. General description of programme of activities (PoA)

B. Duration of the programme of activities C. Environmental Analysis D. Stakeholder comments

E. Application of a baseline and monitoring methodology to a typical CDM

Programme Activity (CPA)

Annexes Annex 1: Contact information on Coordinating/managing entity and participants of PoA Annex 2: Information regarding public funding Annex 3: Baseline information

Annex 4: Monitoring plan

NOTE:

This form is for the submission of a CDM PoA whose CPAs apply a large scale approved methodology. At the time of requesting registration this form must be accompanied by a CDM-CPA-DD form that has been specified for the proposed PoA, as well as by one completed CDM-CPA-DD (using a real case).




SECTION A. General description of programme of activities (PoA)

A.1 Title of the programme of activities: Sustainable Small Hydropower Programme of Activities (PoA) in Viet Nam Version: 4.0 Date: 20 August 2012

A.2. Description of the programme of activities: 1. General operating and implementing framework of PoA Programme of Activities (PoA) under the CDM often referred, as “Programmatic CDM” is a framework covering similar projects that can be registered as a single CDM project activity. The “Sustainable Small Hydropower Programme of Activities (PoA) in Viet Nam”, later on referred as the “Viet Nam Small Hydro PoA”, will consist of CDM Programme Activities (CPAs) that each represents one or more small-scale hydropower plants built in Viet Nam with an installed capacity of up to 30MW1. The Viet Nam Small Hydro PoA is a voluntary action being coordinated and managed by Vietnam PoA Carbon Management Joint Stock Company (subsequently referred to as Coordinating/Managing Entity - CME), a company registered in Viet Nam. 2. Policy/measure or stated goal of the PoA

Viet Nam has a large hydropower potential that could be sourced as renewable energy for small hydropower plants. In the face of growing demand for electricity, small hydropower development should also be one attractive solution towards meeting the demand in an environmentally sustainable manner. However, in spite of abundant potential and high demand2, investors in development of small hydropower plants still face several difficulties3 even though the Vietnamese government4has encouraged every kind of entities (including private entities) to invest in such small hydropower projects.

Electricity of Viet Nam (EVN), through dependent finance power companies (No1, No 2 and No 3), still maintains and consolidates its monopoly role5 in buying electricity generated from these projects. Therefore, Independent Power Producers (IPPs) are facing big challenges to get Power Purchase Agreement, which increase their transaction costs, which must be added to high costs for getting permits and clearances besides large investment costs that must be covered by IPPs. The high costs and unclear revenues could decrease the financial attractiveness of hydropower development, which in turn prevents IPPs from entering the market. The CDM as defined in the Kyoto Protocol can contribute to financing such hydropower projects, which could provide an incentive for IPPs to enter the hydropower industry.

1 Decision No 3454/QD-BCN issued by Ministry of Industry on 18 October 2005, hydropower projects having installed capacity within the range from 1 to 30 MW are categorized as small scale projects, in Viet Nam.

2 http://tietkiemnangluong.com.vn/home/hoat-dong-chuong-trinh/thuy-dien-nho-tiem-nang-con-bo-ngo-8003-7794.html

3 http://www.vncold.vn/Web/Content.aspx?distid=924 4 Prime's Minister Decision No 176/2004/QD-TTg dated 05 October 2004 on approval the development plan of Viet Nam power sector for the period of 2004 – 2012 with perspectives to 2020. 5 http://vietbao.vn/Kinh-te/Tong-cong-ty-Dien-luc-VN-doc-quyen-mua-re-ban-dat/10732642/87/




The objective of the Viet Nam Small Hydro PoA is to develop a platform for supporting the development of small hydropower projects in Viet Nam. To reach this goal the CME will provide the following services across Viet Nam: - raise awareness among local stakeholders of climate change and renewable energy. To ensure

maximum stakeholder involvement CPAs will be developed according to the Gold Standard requirements and will include significant public education and consultation components

- raise awareness among Viet Nam’s hydropower developers of opportunities for generating CDM revenues. To this end the CME will conduct capacity building sessions across the country that explain the CDM and support entrepreneurs in integrating CDM into their hydropower projects in order to improve the financial viability of such projects.

- provide standardized and streamlined access to CDM services for the hydropower projects in Viet Nam, including the smallest ones that otherwise would not be able to generate into CDM revenues. To this end CME will coordinate the inclusion of the CPA in the PoA; conduct the registration of the CPA as a Gold Standard activity (if applicable); provide monitoring and verification services to all CPAs; and support the effective commercialization of CERs. Over time additional services will be added to support the effective development of the hydropower sector across Viet Nam.

In this way the proposed PoA will promote the development of renewable energy and facilitate the abatement of greenhouse gas emissions through replacement of fossil-fuel based electricity. Contribution to Sustainable development: Environmental sustainability The PoA encourages hydropower utilization to generate electricity, which otherwise would

have been generated through alternate fuels (most likely fossil fuels) based power plants, contributing to reduction in specific emissions (emissions of pollutant/unit of energy generated) including GHG emissions.

As a hydropower project activity, each CPA produces no end products in the form of solid waste (ash, etc.), it addresses the problem of solid waste disposal encountered by most other sources of power.

Being a renewable energy source, hydro energy used to generate electricity contributes to resource conservation and reduces reliance on exhaustible fossil fuel based power sources as well as the need to import fuels for the purpose of power generation.

Thus, the PoA contributes to environmental well being across Viet Nam. Economic sustainability In recent years, Viet Nam has suffered a critical electricity shortage as a consequence from rapidly increasing demand and insufficient supply, thereby imposing negative impacts on economic growth6 as well as on daily lives of people7. This PoA will support CPAs that contribute directly towards balancing the supply and demand gap. By exporting electricity directly to the national grid, the CPAs included in this PoA will help to reduce electricity losses across the national grid and to lessen the risks of cascading national grid collapse due to overload. Moreover, the PoA Increases employment opportunities in the area where the CPA is located, which will give an

increase in local community’s income in general;

6 http://www.uni-bros.com/en/news.php/power_shortages_deter_investors/id=17958/cid=4

7 http://giadinh.net.vn/28083p0c1000/mat-dien-thuong-xuyen-tren-dien-rong-nguoi-dan-bi-tra-tan.htm




Will facilitate the industrialisation process through the provision of stable power and enhance the local investment environment and thereby improve the local economy;

Diversifies the sources of electricity generation, important for meeting growing energy demands and the transition away from diesel and coal-supplied electricity generation;

Contributes to poverty alleviation through income and employment generation: the CPA will employ people throughout project operation.

Through its CPAs will contribute towards the tax revenues of the provinces in Viet Nam. Social sustainability The CPA would lead to the development of the region. During civil work, the CPA is expected to generate considerable employment opportunities for

the local population. Other than these, there are various kinds of mechanical work, which would generate

employment on regular and permanent basis. Technology sustainability Modern turbines and generators will be used under this PoA, which in turn will accelerate the

deployment of renewable energy technologies in Viet Nam. The PoA supports technological and know-how transfer from other regions or even other

countries through trainings and practical works. The PoA encourages in promoting local products developed in the region when spare parts

replacement is needed to support renewable technology development especially for hydropower technology which are available and made by local companies.

In conclusion the PoA will contribute positively towards sustainable development and be consistent with the energy policies set by the Government8 of Viet Nam. Therefore, it satisfies the sustainable development criteria for CDM projects set by the DNA of Viet Nam.

3. Confirmation that the proposed PoA is a voluntary action by the coordinating/managing entity The Viet Nam Small Hydro PoA is a voluntary action being coordinated and managed by Vietnam PoA Carbon Management Joint Stock Company (CME). There are no mandatory laws or regulations in place in Viet Nam that require hydropower plants to seek CDM services. Likewise, no mandatory laws or regulations exist requiring the CME or any other party to develop a PoA for hydropower plants in Viet Nam.

A.3. Coordinating/managing entity and participants of POA:

Vietnam PoA Carbon Management Joint Stock Company will be the Coordinating/Managing Entity9 (CME) for the project activities under the Programme of Activities (PoA) and communicate with the CDM Executive Board.

8 To encourage the investment in exploitation of renewable energy resources in Viet Nam, the project "Strategies and master plans for renewable energy in Viet Nam for the period up to 2015 with the perspectives up to 2025" is being implemented by the Ministry of Trade and Industry since 2007 9 The Coordinating/Managing Entity shall be a project participant authorized by all participating project owners and the host country DNA and identified in the modalities of communication to serve as the entity which communicates with the Executive Board, including on matters relating to the distribution of CERs.




Name of Party involved ((host) indicates a host Party)

Private and/or public entity(ies) project participants (as applicable)

Kindly indicate if the Party involved wishes to be considered as project participant (Yes/No)

Viet Nam (host) Vietnam PoA Carbon Management Joint Stock Company

No

Switzerland South Pole Carbon Asset Management Ltd.

No

A.4. Technical description of the programme of activities:

A.4.1. Location of the programme of activities:

A.4.1.1. Host Party(ies):

Viet Nam

A.4.1.2. Physical/ Geographical boundary:

The proposed PoA will be developed within one country only, Viet Nam, with its capital city Hanoi. Viet Nam is located in South East Asia that lies along the Indochinese Peninsula and circles the old south eastern part of the Asian continent with its back turned to the Eastern Sea (Pacific Ocean). The location of which the CPAs will be implemented within the following co-ordinates10:

Latitude: 8o10’ - 23o24’N

Longitude: 102o09’ - 109o30’E

A map indicating the location of the PoA is provided in fig. A.1.

10 http://www.chinhphu.vn/cttdtcp/en/about_vietnam08.html




Fig 1. Map of Viet Nam

A.4.2. Description of a typical CDM programme activity (CPA):

A.4.2.1. Technology or measures to be employed by the CPA: A typical CPA under this PoA comprises one or more small hydropower plants, as defined under Vietnamese regulation11, that are constructed by one or more third-party project owners. The CPAs may use different hydropower technologies to convert kinetic energy of water to generate electricity, which may include technologies (but not limited to) as Pelton, Kaplan, Turgo, Francis turbines etc. The technologies employed in each CPA may differ from one CPA to the next, and may comprise inter alia barrages, diversion tunnels, fore bays, spillways, pressure pipes, powerhouses, and booster stations. The detailed technical characteristics will differ across CPAs and be described in the corresponding CPA-DDs. The electricity generated by under a CPA will be transmitted to the closest grid connection available in area where the hydropower plants covered by the CPA are located.

11 Ibid at 1




A.4.2.2. Eligibility criteria for inclusion of a CPA in the PoA: A CPA to be included in the proposed PoA shall: i. Comprise one or more newly developed grid-connected hydro power plants located within the

geographical boundary of Viet Nam. ii. Have a maximum installed capacity below or equal to 30 MW to be qualified as a small

hydropower plant under Vietnamese regulations. iii. Be uniquely identified project which is neither registered as a CDM project activity nor

included in another registered PoA to avoid double counting of emission reductions. iv. Use newly built equipment to generate electricity from hydro power. v. Have start date after validation start date. Validation start date is defined as the date in which

the PoA-DD, and generic and specific CPA-DDs were first uploaded to the UNFCCC website for public inputs (in accordance to EB 55, Annex 38, paragraph 7d) or in the case of the CPA having start date before validation start date, have start date between 22 June 2007 and validation start date and be included in the list that have been provided to UNFCCC for this PoA (in accordance to EB 47 Meeting Report, paragraph 72).

vi. Be in line with requirements in the approved consolidated baseline and methodology ACM0002 “Consolidated baseline methodology for grid-connected electricity generation from renewable sources” version 12.3.0 for hydro power projects. The CPA shall meet the following sub-criteria: o not include any activities that consist of capacity additions, retrofits or replacements; o be a hydro power plant/unit either with a run-of-river reservoir or accumulation

reservoir. In case the CPA utilizing new single or multiple reservoirs, the power density of each reservoir must be greater than 4 W/m2 with or without the volume increased

o Not result in new reservoirs or in the increase in existing reservoirs where the power density of the power plant is less than 4 W/m2

vii. Have a cooperation agreement with the CME to participate in the PoA. The Agremment shall clearly state that CPA owner cedes its rights to claim and own emission reductions under the Clean Development Mechanism of the UNFCCC or any voluntary scheme to the CME of the present PoA.

viii. Additionality of GHG emission reductions is demonstrated in accordance to the “Tool for the demonstration and assessment of additionality”, version 6.0.0. This means the CPA shall meet the following sub-criteria: o Demonstrate that the Project IRR is either less than the Commercial Lending rate or less

than the Weighted Average Cost of Capital (WACC), in cases where the WACC is chosen as the appropriate Benchmark. It shall also be demonstrated that such conclusion is confirmed by a means of a sensitivity analysis.

o CPA is not common practice in Viet Nam. ix. Undertake stakeholder consultations and environmental impact analysis as per requirements of

the CDM modalities and procedures as well as the relevant laws and regulations of Viet Nam. x. Not result into the diversion of official development assistance or public funding.

The eligibility criteria described above and in section E.5.2 of the PoA-DD will be revised and updated, and the consequent changes will be included in a new version of the PoA-DD and new generic CPA-DD validated by a DOE, and shall submit it to the Board for approval. in the following events: If the applied methodology is revised or replaced, subsequent to being placed on hold. If the boundary of the PoA is amended post-registration to expand the geographic coverage or to

include an additional host Party/ies.




If the revision of eligibility criteria is requested by the Board at any time during the lifetime of the PoA.

(a) Once changes have been approved by the Board, the inclusion of all new CPAs shall be

based on the updated eligibility criteria applying the new generic CPA- DD;

(b) CPAs that were included before the methodology was put on hold shall apply the revised version of the generic CPA-DD only at the time of the renewal of the crediting period.

At the renewal of the crediting period of a PoA (at the renewal of the first CPA), the CME shall

update the eligibility criteria as per the latest revised applicable methodology and include them in a new version of the PoA-DD and new generic CPA-DD validated by a DOE, and shall be submitted to the Board for approval.

No action will be required if the version of methodology/ies applied by the PoA is revised without being placed on hold or is withdrawn for the purpose of inclusion in a consolidated methodology/ies unless otherwise indicated in the respective report of the meeting of the Board that has approved the new methodology/ies.

A.4.3. Description of how the anthropogenic emissions of GHG by sources are reduced by a CPA below those that would have occurred in the absence of the registered PoA (assessment and demonstration of additionality):

The following information presents the demonstration of additionality of the PoA as a whole while information regarding the additionality of each CPA will be presented in section E.5: (i) The proposed PoA is a voluntary coordinated action The proposed PoA is a voluntary and coordinated action, which will raise public awareness on CDM, renewable energy and climate change in the hydropower sector; coordinate small hydropower plants in Viet Nam to adopt more sustainable practices and seek for carbon finance services; and promote the consultation of local stakeholders in related with CDM. In doing so the PoA will encourage the deployment of renewable energy electricity generation in the country. There are no mandatory laws or regulations in Viet Nam stipulating to have recourse to CDM to develop hydropower facilities. (ii) If the PoA is implementing a voluntary coordinated action, it would not be implemented in

the absence of the PoA; In the absence of the proposed PoA, the voluntary coordinated actions outlined above will not be implemented. In the absence of the capacity development and streamlined CDM services proposed under this PoA the total number of registered Vietnamese hydropower CDM projects is hence expected to remain below potential. According to the Standard for demonstration of additionality, development of eligibility criteria and application of multiple methodologies for programme of activities (version 01.0), “additionality shall be demonstrated by establishing that in the absence of CDM, none of the implemented CPAs would occur”. As per paragraph 73 of the 47th EB meeting report “additionality is to be demonstrated either at the PoA level or at CPA level”. Due to the specificity of every hydro power project, the PPs choose to demonstrate the Additionality at CPA level as per the requirements of the “Tool for the




demonstration and assessment of additionality” (version 06.0.0). Refer to section E5 of this PoA-DD. (iii) If the PoA is implementing a mandatory policy/regulation, this would/is not enforced; Not applicable, there are no mandatory policies/regulations in Viet Nam that require the implementation of the PoA or the activities that it promotes.

(iv) If mandatory a policy/regulation is enforced, the PoA will lead to a greater level of

enforcement of the existing mandatory policy/regulation. Not applicable.

A.4.4. Operational, management and monitoring plan for the programme of activities:

A.4.4.1. Operational and management plan: The proposed PoA involves a range of operational activities in order to implement and manage each CPA by the CME and CPA owner within the PoA.

Entity Management Responsibilities and Arrangements

CME

Identification of Project Activities to be included in the PoA

Contractual arrangements with Project Entities ensuring compliance with the PoA eligibility criteria described in this document.

Preparation and updating of PoA and CPA DDs Collection of documents and supporting evidence

required for validation of the PoA, inclusion of CPAs as well as verification of CERs

Communication with the CDM Executive Board, including communication on matters related to the registration process and issuance process, distribution of CERs and change of project participants

Implementation of a database allowing for a transparent and unambiguous management of information related to the PoA and its underlying CPAs

Maintain existing relationship with the project owner (e.g. conduct training for data monitoring)

Periodic collection of monitoring data Preparation of monitoring reports for emission

reduction verification

CPA owner

Implement hydropower plant project activity (conducting the feasibility study, investment, people consultation, construction, daily operation, and maintenance of hydropower plant)

Preparation of monitoring data according to the guidelines set in the generic CPA-DD

Facilitate the CME and DOE required documents and access to site as needed




In addition to the above management tasks, CME will implement the following operational elements to ensure proper management and oversight of the proposed PoA. (i) A record keeping system for each CPA under the PoA In order to unambiguously identify hydropower plant participating in the PoA a serial numbering system will be implemented that uniquely identify each hydropower plant through numbers for the CPA and the hydropower facility. This serial numbering system will be used to record baseline and monitoring data on a continuing basis using an Excel database. In this way the CME will be able to track the emission reduction of each hydropower plant over the full duration of the crediting period. Each CPA will follow the record keeping and monitoring requirements stipulated in the applied methodology. The CME will record and document CPA detail information as follows:

Name of the CPA and its installed capacity The name, address, and project owner details of each participating CPA The geographical coordinates of each CPA (GPS coordinates of the power house) The record of technical specification of each hydropower plant participating in the CPA The verification status (number of verification and associated monitoring period) Emission reductions monitored and issued each in monitoring period

CME will be responsible for the management of records and data associated with each CPA. The Excel database will be updated manually using the data supplied by the participating hydropower plants. It will form the basis for the verification of CPAs and be available for inspection by the DOE at any point in time. The Carbon Project Management Tool (PMT) is the project management software to monitor the PoA pipeline. This system is a browser-based application running on a web server and is accessible from any computer with Internet access. Connections between users and the web server are secured with 256-bit SSL encryption. The backend is an apache web server, the web application is written in PHP5, and data is stored in a mySQL database. Utilizing mainstream open source technology, South Pole Carbon Asset Management Ltd. (South Pole), as the service provider, guarantees the CME flexibility and reliability with regards to development and maintenance. The PMT’s server architecture guarantees that all data is kept consistent and always up to date for each user. The separation of presentation and data allows for flexible interfaces with other applications, easy data export and automated backups of sensitive and valuable project data. The PMT can be used to track individual projects under various standards, with different credit types and crediting periods, as well as groups of projects or entire pipelines of projects, such as a PoA. On the project level, tools such as milestone management, a sophisticated comment and notification system to facilitate communication between different team members, deadline alerts, etc. allow project managers and supervisors to meet targets and deadlines and monitor or project both past and future amount of emission reductions resulting out of a project. One level above, various features allow grouping and manipulating several projects together, with combined overviews on milestone deadlines, generated emission reductions, and applied standards. Data can be directly exported to Excel from within the PMT, both for individual projects as well as for the PoA to run custom evaluations or to visualize data.




The PMT is hosted on a server in the EBM datacenter (www.ebm.ch) in Basel, Switzerland with very high service availability. The datacenter employs redundant network connections and electricity providers and is ISO9001/ISO 14001 certified. It also employs energy efficiency measures such as a clever climate management. Surveillance happens 24 h/365 days per year. Following selection of screen shots shows just a few of the many functions of the PMT and the interface that will be shown for the PoA. Sensitive data from a live system has been blurred out. The project-related information shown has been taken from fictional projects inserted into the PMT Trial version. Projects Overview holds most relevant information at one glance. The map can be exported to Google Earth, key data can be exported to Excel.

Fig 2: Project Overview




The Milestones Overview shows at first glance which projects are behind schedule. All tables show the same projects – if one project is marked in a table, it will be marked in all tables. Which projects are shown in the overview depends on the outcome of a search query. Per default, only active contracted projects are shown.

Fig 3: Milestone Overview

Milestone totals are shown at the end of the table.

Fig 4: Milestone Totals

For PoAs, vintage packages of the corresponding CPAs are displayed automatically in the PoA vintage package information. A vintage package cannot be added directly at the PoA level.




Fig 5: Vintage Package

(ii) A system/procedure to avoid double accounting e.g. to avoid the case of including a new CPA that has been already registered either as a CDM project activity or as a CPA of another PoA, The database described above will be used to perform a double accounting check. Every new CPA will be compared to the already existing database and the list of project activities that are under validation or registered at the UNFCCC or CPAs that have been included in any other registered PoA. Moreover as shown below, the CPA owners will be made aware of the double accounting principle and will certify that the proposed CPA is neither registered as a CDM project activity nor included in another registered PoA under the Clean Development Mechanism of the UNFCCC or any voluntary scheme. Should such a case occur then the CME will not proceed with inclusion of the corresponding CPA in the PoA. (iii) The provisions to ensure that those operating the CPA are aware of and have agreed that their activity is being subscribed to the PoA; To ensure that those operating the CPA are aware of and have agreed that their activity is being subscribed to the PoA the CPA owner shall enter into a contractual arrangement with the CME including respective provisions that:

1. The CPA has not been and will not be registered as a single CDM project activity nor as a CPA under another PoA.

2. The CPA owner is aware that the CPA will be subscribed to the present PoA. 3. The CPA owner cedes its rights to claim and own emission reductions under the Clean

Development Mechanism of the UNFCCC or any voluntary scheme to the CME of the present PoA.

4. The CPA owner certifies that the CPA is not registered under the Clean Development Mechanism of the UNFCCC or any voluntary scheme.




Using the unique identification for each participating CPA and the custom-tailored Carbon Project Management Tool, the PoA CME will confirm that a facility has not already been registered or entered validation as a CDM project activity or as a CPA of another PoA. Should such a case occur then the coordinating entity will not proceed with inclusion of the corresponding CPA in the PoA.

(iv) A clear definition of roles and responsibilities of personnel involved in the process of inclusion of CPAs, including a review of their competencies The CME The CME is responsible for technical review of inclusion of CPAs. The following technical documentation will be requested by the CME to the CPA Owner:

Feasibility study Environmental Assessment Report (when required) Technical design documents Financial analysis

The CME will maintain close communications with the CPA Owner before the CPA is included in the registered PoA to ensure that the CPA is eligible under the PoA. Upon inclusion, the CME shall remain in communication with the CPA Owner, and gather information related to the performance of the project activity. In order to ensure the quality of its CDM-related activities, and to ensure the correct monitoring of the performance of each CPA, the CME is supported by South Pole. CDM experts from South Pole will be assigned to check the features of potential CPAs and ensure that each CPA meets all the requirements and eligibility criteria to be included in the registered PoA. The CME will also employ South Pole’s web-based Project Management Tool to unequivocally keep track of the PoA and CPAs performance.

South Pole

South Pole is responsible of providing the CME, during the PoA lifetime, with guidance and technical assistance, including data control, management of information and Quality Assurance and Quality Control services. South Pole provides also technical support to the CME during the entire CDM PoA cycle including, but not limited to, guidance during the validation/registration process of the PoA as well as inclusion of CPAs and verification/issuance of CERs.

Through its RACI12 approach and Project Management Tool (PMT), South Pole is responsible of providing the CME, during the PoA lifetime, with guidance and technical assistance in data control, management of information and Quality Assurance and Quality Control practices.

Roles and responsibilities of the CME and South Pole staff

The CDM implementation of each CPA as well as of the PoA will be carried-out based on the following diagram.

12 Responsible, Accountable, Consulted, Informed. The RACI aproach is described below.




Fig 6: Implementation of a CPA Roles and responsibilities of the CME’s staff For each CPA under this PoA, the CME, through the PoA Manager, will assign a CPA Manager, who will be supervised by the PoA Manager. The CPA Manager will be in close communication with the CPA Owner and with the South Pole appointed Project Manager.

Position Responsibilities

PoA Manager

- CPAs contracting. - Preliminary Emissions reductions and carbon revenue estimation. - Initial CPA Eligibility Criteria compliance check. - Ensure high-quality implementation of all CPAs including the updates in the

South Pole’s PMT. - Coordination of Validation and inclusion of the CPA in the PoA. - Keep updated the PoA CPA Record Keeping System (PMT). - Train staff, set priorities properly, solves problems raised by the CPA Manager. - Quality control of implementation work. If necessary, reviews work of CPA

Manager before submission to South Pole. - Ensure productive, efficient and inspiring working conditions for all employees. - Human Resource selection, negotiation of work contracts, proper assignment of

targets and responsibilities, and conduction of evaluation process. - Ensure all administrative issues are properly dealt with, including accounting

processes, office rent, legal registration / approvals, IT, social security, tax, compliance with local laws.

- Managing liason with country DNA.

CPA Manager - Inclusion of the CPA

CPA Manager

PoA Manager Supervisor

CPA Owner

Quality Manager

Local Responsible for Data

ManagementProject Manager

Vietnam PoA Carbon Management

South Pole

Several entities




- Communications with the CPA Owner. - Ensure CPA complies with eligibility criteria and that all the relevant

documentation required by the DOE to validate the CPA is provided. - Ensure that CPA-DD is written in a high quality manner. - Ensure that the CPA is implemented in accordance to the CPA DD. - Compiles from the CPA Owner the monitoring information and develops the

monitoring report. - Identification of opportunities to improve work process and propose solutions to

CME upper management. - Deployment of any improvements and monitoring of their impact. - Ensure that the CPA inclusion and implementation phases are adequately

resourced.

Vietnam PoA Carbon Management Joint Stock Company will review the competencies of its personnel to be involved in CPA inclusions prior to their employment/assignment and will ensure that staff is properly trained with regards to specific CPA inclusion requirements. Personnel involved in CPA inclusion process shall have a background in engineering or natural sciences and experience in the renewable energy or environmental sectors.

Roles and responsibilities of the involved South Pole’s staff

Project Manager (Responsible):

- Fully responsible for the data management of the PoA and CPA in PMT and for first quality checks of the PoA (whenever PoA-DD updating is required) and its associated CPAs (CPA-DD, stakeholder consultation, monitoring report, etc.)

- If corrections are needed, the Project Manager raises the issue with the CPA Manager and assists in providing a solution before document submission to the Quality Manager.

Supervisor (Accountable):

- Oversees and ensures high-quality implementation of all CPAs and the PoA through South Pole’s RACI system and Project Management Tool.

- Reviews work of Project Manager before closure of milestone in PMT.

Quality Manager (Consulted): - After a first revision is made and corrective actions are taken by the Project Manager, the Quality

Manager (member of the South Pole’s Global Quality Control and Technical Support Team) is responsible for all quality checks of the PoA and its associated CPAs (CPA-DD, stakeholder consultation, monitoring report, etc.).

- He also supports and advices the South Pole Project Manager to ensure that the project is built as described in the CPA-DD.

Local Responsible for Data Management (Informed):

- Ensures that the information is properly stored; ensures that the file names correspond to the CPA and that a standard nomenclature is used; and ensures that files, archives and registries are clearly organized.

(iv). Records of arrangements for training and capacity development for personnel

Training and capacity development activities for the CME will be carried-out to ensure that the CPA




Manager(s) as well as PoA Manager are fully qualified to implement this PoA and that are familiar with the EB latest guidelines related to PoA development, CPA inclusion, monitoring, verification and issuance. The training and capacity development activities for the CME staff shall be carried-out by experienced PoA South Pole staff, because of their deep knowledge of:

The eligibility check, The additionality tests, The baseline estimation, and The monitoring guidelines and requirements, among others.

Training and capacity development activities for the CPA Owner will be carried-out with the purpose of ensuring correct monitoring as established in the CPA-DD. Training specific content and specific material (if applicable) will be adapted to each specific CPA, according to the technical specifications of each CPA, and to the characteristics of the equipment installed at each facility. It may be carried-out by the South Pole staff actively involved in this PoA, or by the CPA Manager.

(v). Records and documentation control process for each CPA under the PoA;

In order to ensure transparency and high-quality information managed during the PoA/CPA CDM cycle, the RACI approach developed by South Pole is employed. The “RACI” approach splits responsibilities for project management into the categories: Responsible, Accountable, Consulted and Informed. Each step of the CDM project cycle at PoA level and at CPA level is broken down in individual milestones. Closing of milestones is based on a 4-eye principle according to the assignment of responsibilities. Quality checks (up to 8-eye principle) are enabled for key milestones. For each step of the CDM project cycle and for each key activity in the PoA/CPA implementation process, such as “CPA eligibility check”, the milestone closing procedure summarized below is followed.

- CPA Manager (Responsible) enters the milestone into the PMT.

- CPA Manager prepares project documentation, (such as the CPA-DD draft for the Initial Project Eligibility Assessment stage) and checks if assumptions and parameters applied and relevant sheets are consistent and justified by sources transparently. Prior the submission to the appointed South Pole Project Manager for review, the CPA Manager stores on the server all the applied documents and includes in the system the route in which all the information can be found.

- The South Pole Project Manager (Responsible) does a first quality check of all the documentation submitted by the CPA Manager. If corrections are needed, the Project Manager coordinates with the CPA Manager to take action before submission to the Quality Manager.

- South Pole Project Manager sets milestone as "requesting closure" and informs Quality Manager (Consulted).

- Quality Manager and Local Responsible for Data Management (Informed) check deliverables and comment on open issues. Commented documents are sent back to the South Pole Project Manager and to the CPA Manager if necessary. Such cycle might be repeated several times until sufficient quality is met.




- If deliverables reach sufficient quality the Local Responsible for Data Management inserts conclusion as comment in PMT milestone and the Quality Manager inserts main conclusions as comment in the specific milestone and stamps it.

- The Supervisor (Accountable) checks the outcome and agrees with Project Manager, Local Responsible for Data Management, and with Quality Manager by closing the milestone.

(vi). Procedures for technical review of inclusion of CPAs

The CME has the main responsibility for technical review of inclusion of CPAs, whereas South Pole provides technical support and quality control/quality assurance services for the inclusion process. All necessary documents to demonstrate compliance with the eligibility criteria of the PoA are collected and verified by the CME. The CME collects also all information and supporting evidences required to draft the CPA-DD.

The entire technical review process is managed through the sophisticated Project Management Tool software developed by South Pole, which is described above.

(vii). Measures for continuous improvements of the PoA management system The management system is subject to a continuous review of its effectiveness which is aligned with a Continuous Improvement Philosophy. Such review spans the various elements and any procedures. The aim is to identify any shortcomings and correct them, as well as to seek to continuously improve the PoA’s performance on all counts. All those involved are encouraged to raise any issues that they feel need to be corrected and suggest any means of improvement, and to communicate these to the PoA Manager. The PoA manager will then allocate resources and appoint the relevant staff, bearing in mind the nature of issued raised, to ensure that solutions are designed, tested and their effectiveness monitored, prior to being formally adopted.

A.4.4.2. Monitoring plan: It is envisaged that there would be multiple CPAs under the PoA. Each CPA is to be verified individually. Thus there is no PoA level sampling to be considered. A monitoring plan for each CPA will be developed in accordance with the applied baseline and monitoring methodology at the CPA level as per section E.7 of this PoA DD. The CME will submit CPAs for verification by the DOE pursuant to the sequence described below: 1- The CME will continuously update a list of all CPAs 2- The CME collects the monitoring information for all CPAs that will be verified and prepares one

monitoring report for each CPA. 3- Assessment of the CPAs. 4- The total verified emission reductions by the PoA is computed For verification purposes, the CME will follow the procedure described below:




1- Maintenance of a list of verification procedures to be applied to each CPA The CME will develop and continuously update a list of CPAs. This will clearly and uniquely identify each CPA and gives further important information to build the basis in order to compile a monitoring report, such as the crediting period start date of each CPA. 2- Collection of monitored parameters and elaboration of the monitoring plan The monitoring report will compile all required monitoring information for a CPA that will be verified by the DOE. This report will unambiguously set out the data relating to the emission reductions generated by each specific CPA during the monitoring period consistent with the requirements of this PoA-DD and the corresponding CPA-DD. The monitoring plan for parameters included in section E.7.1 will be implemented for each CPA with assistance from the CME as follows: CPA owner will implement each CPA individually and monitor and record all parameters included

in section E.7.1. The CME will provide guidance to CPA owner on how monitoring should be conducted and data

should be collected in regards to emission reductions calculation. The CPA owners will provide data on monitored parameters included in section E.7.1 to the CME. The CME will document and store all parameters included in section E.7.1 provided by CPA

owners in an electronic database, while primary data will be stored by CPA owner The CME review relevant monitoring documents, prepare the monitoring report, and provide the

latter to the DOE.

3- Assessment of the CPAs The DOE performs a desk review of the monitoring information of all CPAs and performs on-site assessments in accordance with the prevailing guidelines and rules. At the end of the assessment, the CME shall provide an updated monitoring report elaborated in light of the DOE findings. 4-The total verified emission reduction by the PoA is computed The DOE approves the final monitoring report provided by the CME and certifies that (i) the list and type of data collected and provided within the monitoring report is consistent with the monitoring plan of each CPA (ii) the ERs are estimated as described in this PoA-DD and the respective CPA-DD and are not miscalculated.

A.4.5. Public funding of the programme of activities: The Viet Nam Small Hydro PoA does not receive any public funding.




SECTION B. Duration of the programme of activities

B.1. Starting date of the programme of activities:

23 December 2009 (date in which the period for public comments of the PoA-DD and generic and specific CPA-DDs started)

B.2. Length of the programme of activities: 28 years

SECTION C. Environmental Analysis

C.1. Please indicate the level at which environmental analysis as per requirements of the CDM modalities and procedures is undertaken. Justify the choice of level at which the environmental analysis is undertaken:

1. Environmental Analysis is done at PoA level 2. Environmental Analysis is done at CPA level The highly localized and site-specific environmental impacts of each hydro project and sub-national environmental policies that may differ across Viet Nam justify a separate environmental assessment for each CPA. The environmental analysis for each CPA will be conducted in line with applicable environmental policies that will be identified in each CPA.

C.2. Documentation on the analysis of the environmental impacts, including transboundary impacts:

The environmental impact analysis will be done at CPA level

C.3. Please state whether in accordance with thehost Party laws/regulations, an environmental impact assessment is required for a typical CPA, included in the programme of activities (PoA),:

The currently effective laws and regulations on environmental impact assessment is the Environment Protection Law of Viet Nam 2005 (Article 18) and Decree No.21/2008/ND-CP dated February 28, 2008, which requires environmental impact assessment (EIA) for hydropower projects with reservoir’s capacity of 300,000 m3 or more of water. For CPAs to be included in the future in the PoA, the latest legal documents on EIA requirements available at the decision making time of the CPAs’ owners will be applied. The findings of the respective EIA and details on any recommended mitigation measures to minimize the negative impacts and ensure the long-term benefits from a CPA shall be described in the corresponding CPA-DD.

SECTION D. Stakeholders’ comments

D.1. Please indicate the level at which local stakeholder comments are invited. Justify the choice:




1. Local stakeholder consultation is done at PoA level 2. Local stakeholder consultation is done at CPA level The highly localized and site-specific impacts of each hydro project require local stakeholder consultations to be carried out for each CPA at the CPA level.

D.2. Brief description how comments by local stakeholders have been invited and compiled: Not applicable

D.3. Summary of the comments received: Not applicable

D.4. Report on how due account was taken of any comments received: Not applicable

SECTION E. Application of a baseline and monitoring methodology

E.1. Title and reference of the approved baseline and monitoring methodology applied to each CPA included in the PoA:

Name of approved baseline and monitoring methodology: ACM0002 (version 12.3.0): “Consolidated baseline methodology for grid-connected electricity generation from renewable sources”

E.2. Justification of the choice of the methodology and why it is applicable to each CPA:

The applicability criteria of Version 12.3.0 of ACM0002 are the following:

Version 12.3.0 of ACM0002 is applicable to a CPA under the proposed PoA because:

1. The project activity is the installation, capacity addition, retrofit or replacement of a power plant/unit of one of the following types: hydro power plant/unit (either with a run-of-river reservoir or an accumulation reservoir), wind power plant/unit, geothermal power plant/unit, solar power plant/unit, wave power plant/unit or tidal power plant/unit;

1. A CPA under the proposed PoA will consist of a renewable energy generation plant/unit (hydro) that supplies electricity and displaces electricity from an electricity distribution system (the national grid) that would have been supplied by at least one fossil fuel fired generating unit (thermal power plants in the national grid).

2. In the case of capacity additions, retrofits or replacements (except for capacity addition projects for which the electricity generation of the existing power plant(s) or unit(s) is not affected): the existing plant started commercial operation prior to the start of a minimum historical reference period of five years, used for the calculation of baseline emissions and defined in the baseline emission section, and no capacity addition or

N/A. A CPA under the proposed PoA will not include any activities that consist of capacity additions, retrofits or replacements (see eligibility criteria in Section A.4.4.2).




retrofit of the plant has been undertaken between the start of this minimum historical reference period and the implementation of the project activity; 3. In case of hydro power plants, at least one of the following conditions must apply:

The project activity is implemented in an existing single or multiple reservoirs, with no change in the volume of any of the reservoirs; or

The project activity is implemented in an existing single or multiple reservoirs, where the volume of any of reservoirs is increased and the power density of each reservoir, as per definitions given in the Project Emission section, is greater than 4 W/m2 after the implementation of the project activity; or

The project activity results in new single or multiple reservoirs and the power density of each reservoir, as per definitions given in the Project Emissions section, is greater than 4 W/m2 after the implementation of the project activity2\;

In case of hydro power plants using multiple reservoirs where the power density of any of the reservoirs is lower than 4W/m2 after the implementation of the project activity all of the following conditions must apply: The power density calculated for the entire

project activity using equation 5 is greater than 4 W/m2;

All reservoirs and hydro power plants are located at the same river and were designed together to function as an integrated project that collectively constitutes the generation capacity of the combined power plant;

The water flow between the multiple reservoirs is not used by any other hydropower unit which is not a part of the project activity;

The total installed capacity of the power units, which are driven using water from the reservoirs with a power density lower than 4W/m2, is lower than 15MW;

The total installed capacity of the power units, which are driven using water from reservoirs with a power density lower than 4 W/m2, is less than 10% of the total installed capacity of the project activity from multiple

3. A CPA under the proposed PoA will be a hydro power plant/unit either with a run-of-river reservoir or accumulation reservoir. In case the CPA utilizing new single or multiple reservoirs, the power density of each reservoir must be greater than 4 W/m2 with or without the volume increased. (see eligibility criteria in Section A.4.4.2).




reservoirs. 4. The project activities that involve switching from fossil fuels to renewable energy sources at the site of the project activity are NOT applicable, since in this case the baseline may be the continued use of fossil fuels at the site;

4. A CPA under the proposed PoA does not involve switching from fossil fuels to renewable energy sources at the site of the CPA.

5. Biomass fired power plants are NOT applicable; 5. A CPA under the proposed PoA shall not develop biomass fired power plants.

6. A Hydro power plant that results in the creation of a new single reservoir or in the increase in an existing single reservoir where the power density of the reservoir is less than 4 W/m 2 are NOT applicable.

6. A CPA under the proposed PoA excludes the hydro power plants that result in new reservoirs or in the increase in existing reservoirs where the power density of the power plant is less than 4 W/m2 (see eligibility criteria in Section A.4.4.2).

E.3. Description of the sources and gases included in the CPA boundary According to ACM0002 version 12.3.0, the spatial extent of the CPA boundary includes the CPA power plant and all power plants connected physically to the local grid that the CPA is connected to.

The greenhouse gases and emission sources included in or excluded from the project boundary are shown in the table below.

Table 1: Emissions sources included in or excluded from the project boundary

Source Gas Included? Justification/Explanation

Bas

elin

e

CO2 emission from electricity generation in fossil fuel fired power plants that are displaced due to the CPA.

CO2 Yes Main emission source. CH4 No Minor emission source.

N2O No Minor emission source.

Pro

ject

A

ctiv

ity

Emissions of CH4 from the reservoir.

CO2 No Minor emission source.

CH4 Yes Main emission source from plants in reservoir.13

N2O No Minor emission source.

E.4. Description of how the baseline scenario is identified and description of the identified baseline scenario:

According to the applied methodology, if the project activity is the installation of a new grid-connected renewable power plant, the baseline scenario is defined as the following:

"Electricity delivered to the grid by the project activity would have otherwise been generated by the operation of grid-connected power plants and by the addition of new generation sources, as reflected in the combined margin calculations described in the “Tool to calculate the emission factor for an electricity system”.

13 As per version 12.3.0 of ACM0002, this emission source only needs to be considered for CPAs that have reservoirs with a power density (PD) less than 10 W/m2




The Viet Nam national electricity grid, which is operated and monopolized by the EVN, is the unique transmission and distribution line, to which all power plants in Viet Nam are physically connected. Therefore the Viet Nam national electricity grid is the project electricity system.

Thus the baseline scenario of CPAs included in the Viet Nam Small Hydro PoA is the delivery of equivalent amount of annual power output from the Viet Nam national grid to which the proposed CPA is also connected. In the absence of the CPA, the clean energy generated by this proposed CPA would have been generated through non-renewable sources from Power Plants connected to the National grid, fostering the emission of greater quantities of green house gases.

The combined margin emission factor of the National grid will be calculated according to the “Tool to calculate the emission factor for an electricity system” version 02.2.1. The CO2 emission factors for power generation in the National grid are calculated based on the database provided by EVN.

The analysis and description in E.5 and E6 will support the baseline scenario shown above.

E.5. Description of how the anthropogenic emissions of GHG by sources are reduced below those that would have occurred in the absence of the CPA being included as registered PoA (assessment and demonstration of additionality of CPA):

E.5.1. Assessment and demonstration of additionality for a typical CPA:

Additionality shall be demonstrated for each CPA following the steps outlined in the “Tool for the demonstration and assessment of additionality” - version 06.0.0. For a technology that is as well established as electricity generation from hydropower in Viet Nam, financial barriers are the main barriers faced by project owners. As the CPAs generate financial benefits other than CDM-related income, investment analysis (benchmark analysis) will be used to demonstrate the additionality of each CPA followed by common practice analysis.

E.5.2. Key criteria and data for assessing additionality of a CPA:

According to Version 12.3.0 of ACM0002, the latest Version of the “Tool for the demonstration and assessment of additionality” shall be used to demonstrate the additionality of this project activity. Version 06.0.0 of the additionality tool will be applied for CPAs under this PoA.

Step 1: Identification of alternatives to the project activity consistent with current laws and regulations

Sub-step 1a: Define alternatives to the project activity

Paragraph 4 of version 06.0.0 of the additionality tool states: “Project activities that apply this tool in context of approved consolidated methodology ACM0002, only need to identify that there is at least one credible and feasible alternative that would be more attractive than the proposed project activity.”Since only Greenfield hydropower projects are eligible under the Viet Nam Small Hydro PoA, each CPA will consider and analyze “continuation of the current situation” (no project activity or other alternatives undertaken) as a credible and feasible alternative to the project activities. A CPA will therefore consider the following two alternatives in the assessment of additionality: - Alternative 1: the proposed CPA is undertaken without the CDM - Alternative 2: continuation of the current situation. In this case, the proposed CPA will not be

constructed and the power will be solely supplied from the Viet Nam national grid.




Sub-step 1b: Consistency with mandatory laws and regulations

The “continuation of the current situation” alternative does not face any barrier from the current law and regulation in Viet Nam because it is the “do-nothing” alternative. The project owner of a CPA has no obligation to build or invest in the power plant to supply electricity for the local area. Hence this alternative is consistent with mandatory laws and regulations.

Step 2: Investment analysis

Sub-step 2a: Determine appropriate analysis method

Project activities proposed under CPAs that are eligible for inclusion in the Viet Nam Small Hydro PoA will generate financial and economic benefits other than CER revenues, so the simple cost analysis (Option I) is not applicable. Likewise, Option II (investment comparison analysis) is not applicable since the only alternative to the CPA is the “continuation of the current situation” alternative. So the appropriate analysis method for conducting the investment analysis is the benchmark analysis (Option III).

Sub-step 2b: Option III. Apply benchmark analysis

As indicated in Annex 5, EB 62: Guidelines on the Assessment of Investment Analysis, version 05, “Local commercial lending rates or weighted average costs of capital (WACC) are appropriate benchmarks for a project IRR.” Therefore, based on the availability of published data inputs that constitute the benchmark at the time of investment decision, benchmark analysis for CPAs to be included in the PoA can opt for either local commercial lending rate or WACC approach. Regardless which approach is applied by the project participant, it shall be explained comprehensively in the CPA DD with sufficient references and be assessed in its totality by the DOE responsible for validation and inclusion of the CPA in question.

The benchmark calculated will then be compared to project IRR for additionality demonstration.

In case of CPAs using local commercial lending rates as a benchmarks for the project IRR The benchmark should be derived from the average long-term lending rates available from the beginning of calculated year up to the date of decision making. All data is sourced from weekly reports published by the State Bank of Viet Nam on its official website (http://www.sbv.gov.vn/wps/portal/en). In case of using WACC as a benchmarks for the project IRR The project participant should apply the WACC equation to estimate the required return on capital as a benchmark for the project IRR as follows:

WACC E * Re D * Rd * (1 Tc ) (1)

Where:

Re : cost of equity

Rd : cost of debt

E : Average industry equity ratio

D : Average industry debt ratio

Tc : Average enterprise tax rate




The WACC is the “the cost of financing and required return on capital” which is “based on private equity investors/fund” required return on comparable projects” as presented in Option III, Item (30)(b) of version 06.0.0 of the“Tool for the demonstration and assessment of additionality”. And it also reflects a common-practice approach in investment decision-making in Viet Nam as this approach was also introduced by the Ministry of Industry to conduct the financial analysis of IPP projects in Viet Nam14

The average industry debt ratio (D) is determined based on common practice in the Vietnamese hydropower industry and can be sourced from relevant regulations or guidances or other public sources. The average industry debt ratio will be revised and updated, as necessary, in later CPAs included in the PoA. The average equity ratio (D) is defined as E = 1 – D.

Determine the cost of debt

The cost of debt is determined as the interest rate for a long-term loan prevailing at the time of making the investment decision for the CPA in question, as published by sources such as State Bank of Viet Nam15. In case more than one interest rate is available, the CPA will choose the lowest value in order to ensure a conservative and standard value for the cost of debt.

Determine the cost of equity

To derive an appropriate cost of equity for electricity generation project type in Viet Nam, the well-known capital-asset pricing model (CAPM) is used16.This model provides a standard formula relating the expected return on an asset to the asset’s risk:

Re = Rf + β *(Rm, - Rf) (2)

Where:

Re, cost of equity for electricity generation project type

Rf Risk free rate return

β Beta of the security for electricity generation project type

Rm,- Rf, Market risk premium

Risk free rate:

The risk free rate is understood as the rate of return on an asset that is theoretically free of any risks. Under the CAPM the rate of interest on government bonds is considered as risk free rates. In the context of the Viet Nam Small Hydro PoA the risk free rate is equal to the long-term Vietnamese government bond rates available at the date of making the investment decision for the CPA in question. The data for Vietnamese government bond rates will be sourced from publicly available sources.

14 Decision No. 2014/QĐ – BCN issued by the Ministry of Industry provides temporary guidelines for conducting the economic, financial and investment analysis and providing the purchasing-selling price frame for power generation projects.

15 The State Bank of Viet Nam publishes interest rates for long-term loans on the following website: www.sbv.gov.vn/. 16 The CAPM is used to determine a theoretically appropriate required rate of return of an asset, if that asset is to be added to an already well-diversified portfolio, given that asset's non-diversifiable risk. The model takes into account the asset's sensitivity to non-diversifiable risk (also known as systemic risk or market risk), often represented by the quantity beta (β) in the financial industry, as well as the expected return of the market and the expected return of a theoretical risk-free asset. See also Black, Fischer., Michael C. Jensen, and Myron Scholes (1972). The Capital Asset Pricing Model: Some Empirical Tests, pp. 79-121 in M. Jensen ed., Studies in the Theory of Capital Markets. New York: Praeger Publishers.




Beta:

Beta (β) indicates the sensitivity of the asset value to market risk factors. Beta represents the market risk for an asset and is calculated as the statistical measure of volatility of a specific asset/investment relative to the movement of a market group. The conventional approach for estimating beta of an investment is a regression of returns on investment against returns on a market index. For companies and project activities that are not publicly listed, the beta is determined by referring to beta values of publicly listed companies that are engaged in similar types of business. The project activity type considered under the Viet Nam Hydro PoA is power generation; therefore the applied beta for this project should be based on the beta values of listed power generation companies in Viet Nam.

In cases where the capital structure (Debt/Equity) between the listed companies and the CPA in question differs, the Beta applied for the benchmark has to be adjusted according to the following steps: Step 1 – The Levered Beta of all power generation companies listed on the Vietnamese stock

exchange is obtained using publicly available data. This Levered Beta takes into account each power company’s specific capital structure, including financial leveraging or gearing;

Step 2 – The Levered Beta is unlevered using the average capital structure of the companies it comprises. This yields the Unlevered Beta, which represents the beta of a company without any debt. In other words, the unlevering of the beta removes the financial effects of leverage17.

Step 3 – The Unlevered Beta is levered again according to the assumed average industry debt-equity ratio (defined as D/E) for a typical hydropower project in Viet Nam at the date when the investment decision was made. This Levered Beta will be used to calculate the cost of equity element in the WACC.

Risk Premium: The risk premium is calculated as the difference between average return on stocks and the risk free rate of return. The average return on stocks is defined as the compound annual rate (CAGR) of return of the Viet Nam stock exchange. The period considered for the analysis will be from 28 July 200018 to the date when the investment decision for the particular CPA was made.19

Substituting the values for Rf,Rm,and β into(2) yields the cost of equity for power generation projects in Viet Nam with a capital structure that corresponds to the capital structure of the CPA at the date when the investment decision for the CPA was made.This estimate of the cost of equity for the power generation sector meets the CDM EB rules because it reflects a sector-specific approach and is calculated based on similar companies operating in power generation sector in Viet Nam. Therefore the estimate is obtained from “parameters that are standard in the market, considering the specific characteristics of the project type, but not linked to the subjective profitability expectation or risk profile of a particular project developer” as stipulated in the guidance given in the latest additionality tool under sub-step 2b (5).

Determine average Enterprise Tax rate

17 http://www.investopedia.com/terms/u/unleveredbeta.asp

18 The date when the stock market in Viet Nam has started operation.

19 The return of the Viet Nam stock exchange is estimated using the appropriate stock market index. At the time of registration of the Viet Nam Small Hydro PoA the VN Index was the most appropriate stock market index for Viet Nam.




In terms of enterprise tax, there are legal documents in Viet Nam prescribing general provisions on the implementation of enterprise tax. The investment certificate of each particular project, on the other hand, may also specify tax requirements imposed on the project.

Therefore, the CPAs will apply the provision on tax in the investment certificate in the case that investment decision is made during the validity period of such certificate and that there is no legal documents on enterprise tax published and taking effect after the date of issuance of the investment certificate.

If there are no provision on tax rate in the investment certificate, or the certificate has expired at the date of investment decision of the project, or there are new legal documents published and taking effect after the issuance of the investment certificate and before the date of investment decision, the latest legal documents on enterprise revenue tax shall be applied to calculate average enterprise tax rate in the investment analysis.

Sub-step 2c: Calculation and comparison of financial indicators

Project IRR calculations for a CPA will be based on a list of economic parameters provided by the owner of the CPA at the time of making the investment decision. This list of parameters includes:

Table 2: Key parameters for calculation of Project IRR

No Parameter Unit Comment

1 Investment decision date DD/MM/YY Shall be based on investment decision making documents

2 Construction start date Year Shall be based on construction schedule or public sources or relevant documents

3 Date project starts operating

year Shall be based on operation schedule or public sources or relevant documents

4 Installed capacity MW Shall be consistent with the Feasibility Study Report or Equipment Contract or relevant documents

5 Total investment cost billion VND

Shall be consistent with study conducted by third party. If the construction is expected to last several years, a yearly breakdown of investments can be provided

6 Total annual O&M cost %

Shall be based on the decision No. 2014/QĐ – BCN issued by the Ministry of Industry or its equivalent at the time of investment decision. Indicated as a percentage of the total investment cost.

7 Technical lifetime – period of financial assessment

Years

Based on the longest value among the lifetimes of the major technical components of the hydropower plant (e.g. turbine, generator, etc.). If not specified the project technical lifespan and the assessment period will be chosen as 20 years,




asper “Guidance on the Assessment of Investment Analysis” (Version 05), Annex 5, EB 62).20

8 Fair value billion VND

Shall be considered as null because the period of financial assessment reflects the technical lifetime according to “Guidance on Assessment of Investment Analysis”(version 05), Annex 5, EB 62.

9 Annual net electricity generation

MWh Shall be consistent with the PLF and take into account parasitic loss and load loss.

10 Electricity price VND/kWh

As per PPA if signed at date of investment or as per meeting minutes signed between EVN and the CPA Owners or relevant decisions by the Electricity Regulatory Authority on avoided cost tariff that are in force at the time of decision making.

11

Enterprise revenue tax:

- For the first [XXX] years

- For the next [XXX] years

- .....

- For the remaining years

% As per latest legal documents on enterprise revenue tax on the date of investment decision or investment licence/certificate, whichever later.

12 Project IRR % XXX All economic and financial parameters for a CPA shall be sourced from documents that can be designed by a third party (e.g. hydropower technical consultant) and also independently validated by another third party and/or local authorities such as Department of Industry and Trade or Department of Investment. A standardized excel worksheet has been developed into which data received from the CPA owner will be entered in a transparent manner, and which will in turn compute the project IRR from the cash flow. The said excel sheet has been supplied to the DOE for inspection. This spreadsheet will be used for all CPAs to be included in the PoA.21 For the eligibility of the CPA, its IRR shall be less than the commercial lending rate, or if the WACC is chosen as the appropriate benchmark the IRR shall be less than the WACC.

20 If not specified otherwise in the financial documentation of a CPA, the deprecation rate will be chosen as 1/technical lifetime. The financial assessment period is equal to the technical lifetime.

21 If over the course of the lifetime of the PoA, a parameter or its source become unavailable or are replaced by a more relevant or updated parameter and/or source, then this parameter and/or sources will be revised accordingly after prior agreement from the DOE.




Sub-step 2d: Sensitivity analysis

A sensitivity analysis will be also conducted to test the robustness of the results of the investment analysis conducted for a CPA. To this end the following parameters will be changed by ±10%22, as they mainly influence the economic feasibility of the CPA: Annual amount of electricity exported to the national grid

Feed in price set by EVN

O&M cost

Total investment cost

The full results of each sensitivity analysis will be reported in the respective CPA-DD using the following format:

Table 3: Framework for reporting results of sensitivity analysis

IRR

Variation that hits the benchmark

Likelihood of hitting the benchmark

Annual amount of electricity exported to the national grid +10%

Feed in price set by EVN +10%

O&M cost -10%

Total investment cost -10%

If the sensitivity analysis shows that the project IRR of the CPA is lower than the benchmark in all cases then the results of the investment analysis are deemed robust. If the project IRR exceeds the benchmark under one or more scenarios calculated in the sensitivity analysis, the CPA owners shall provide evidence to demonstrate that such a scenario is unlikely to happen. If such demonstration cannot be substantiated with sufficient evidence the CPA will be considered as non-additional. Step 3: Barrier analysis

This step will not be applied, except in cases where the results of the investment analysis are negative, and exceptional barriers exist that make a particular CPA additional pursuant to “Tool for the demonstration and assessment of additionality” - version 06.0.0.

22 A ±10% band is consistent with Decision No. 709/QĐ – NLDK issued by the Ministry of Industry, dated 13 April 2004 to provide temporary guidelines for conducting the economic, financial and investment analysis and providing the purchasing-selling price frame for power generation projects. It is also common-practice for sensitivity analysis for additionality demonstration. Furthermore, ±10% is also a common practice rate for sensitivity analysis of a CDM project




Step 4: Common practice analysis

For the purpose of common practice analysis, hydropower projects in the whole Viet Nam are taken into account. Therefore, the entire host country is chosen as the applicable geographical area.

Sub-step 4a: Analyse other activities similar to the proposed project activity

According to the para 47 of the “Tool for the demonstration and assessment of additionalily”, version 06.0.0, EB 65, the project activity falls in the type of “Switch of technology with or without change of energy source, including the use of renewable energies” which listed in the para 6 of the tool. Therefore, the following Steps wise approached according to the Additional Tool shall be applied to analyze the common practices for the proposed project.

Step 1: Calculate applicable output range as +/-50% of the design output or capacity of the proposed project activity.

Step 2: In the applicable geographical area, identify all plants that deliver the same output or capacity, within the applicable output range calculated in Step 1, as the proposed project activity and have started commercial operation before the start date of the project. Note their number N

all. Registered CDM project

activities and projects activities undergoing validation shall not be included in this step;

Step 3: Within plants identified in Step 2, identify those that apply technologies different that the technology applied in the proposed project activity. Note their number N

diff.

Step 4: Calculate factor F=1-Ndiff

/Nall

representing the share of plants using technology similar to the

technology used in the proposed project activity in all plants that deliver the same output or capacity as the proposed project activity.

The proposed project activity is a “common practice” within a sector in the applicable geographical area if both the following conditions are fulfilled:

(a) the factor F is greater than 0.2, and

(b) Nall

-Ndiff

is greater than 3.

If the CPA is not common practice as per sub-step 4b and if the CPA has been determined to be additional as per step 2 or 3 then the CPA will be considered additional and can be included in the Viet Nam Small Hydro PoA.

E.6. Estimation of Emission reductions of a CPA:

E.6.1. Explanation of methodological choices, provided in the approved baseline and monitoring methodology applied, selected for a typical CPA:

The reduced emission is calculated in accordance with the approved consolidated baseline methodology ACM0002, version 12.3.0. I. Project emissions (PEy)

According to the applied methodology, the project emissions are calculated using the following equation:

PEy = PEFF,y + PEGP,y + PEHP,y

Where:




PEy Project emissions in year y (tCO2e)

PEFF,y Project emissions from fossil fuel consumption in year y (tCO2)

PEGP,y Project emissions from the operation of geothermal power plants due to the release of non-condensable gases n year y (tCO2e)

PEHP,y Project emissions from reservoirs of hydro power plants in year y (tCO2e)

The proposed project is a hydro power plant that neither uses fossil fuel nor operates geothermal power plants (i.e. PEFF,y = 0; PEGP,y = 0); therefore, the above equation can be shortened as follows:

PEy = PEHP,y

Emissions from water reservoirs of hydro power plant (PEHP,y)

For CPAs that result in new reservoirs and/or the increase of existing reservoirs, the power density (PD) of the CPA shall be calculated as follows:

PJ

PJ BL

BL

Cap CapPD

A A

Where:

PD Power density of the CPA(W/m2).

CapPJ Installed capacity of the hydro power plant after the implementation of the CPA (W).

CapBL Installed capacity of the hydro power plant before the implementation of the project activity (W). For new hydro power plants, this value is zero.

APJ Area of the single or multiple reservoirs measured in the surface of the water, after the implementation of the CPA, when the reservoir is full (m2).

ABL Area of the single or multiple reservoirs measured in the surface of the water, before the implementation of the project activity, when the reservoir is full (m2). For new reservoirs, this value is zero.

If the PD is greater than 4 W/m2 and less than or equal to 10 W/m2:

Where: PEHP,y Project emission from reservoir of hydro power plants in year y (tCO2e)

EFRes Default emission factor for emissions from reservoirs of hydropower plants (kgCO2e/MWh).23

23 Default value was 90 Kg CO2e /MWh as per EB23.

1000

Re y s TEG EF PE

HP,y




TEGy Total electricity produced by the CPA, including the electricity supplied to the grid and the electricity supplied to internal loads, in year y (MWh).

If PD is greater than 10 W/m2, then:

PEHP,y= 0 II. Baseline emissions (BEy)

Baseline emissions include only CO2 emissions from electricity generation from fossil fuel fired power plants that are displaced due to the CPA, calculated as follows:

Where:

BEy Baseline emissions in year y (tCO2).

EGPJ,y Quantity of net electricity generation that is produced and fed into the grid as a result of the implementation of the CPA in year y (MWh).

EFgrid,CM,y Combined margin CO2 emission factor for grid connected power generation in year y calculated using the “Tool to calculate the emission factor for an electricity system”_version 02.2.1(tCO2/MWh).

Calculation of EGPJ,y

Because the project activity is the installation of a new grid-connected renewable power plant/unit at a site where no renewable power plant was operated prior to the implementation of the project activity, then:

EGPJ,y = EGfacility,y

Where:

EGPJ,y = Quantity of net electricity generation that is produced and fed into the grid as a result of the implementation of the CDM project activity in year y (MWh)

EGfacility,y = Quantity of net electricity generation supplied by the project plant/unit to the grid in year y (MWh)

Therefore, the baseline emissions are calculated as follows:

BEy = EGfacility,y .EFgrid,CM,y

Calculation of CO2 emission factor of the national grid

The Version 02.2.1 of “Tool to calculate the emission factor for an electricity system” determines the CO2 emission factor for the displacement of electricity generated by power plants in an electricity system, by calculating the “operating margin” and “build margin” as well as the “combined margin”, including 6 steps as follows:

STEP 1. Identify the relevant electric power system.

STEP 2. Choose whether to include off-grid power plants in the project electricity system (optional).

STEP 3. Select a method to determine the operating margin (OM)

yCM grid PJ,y y EF EGBE , ,




STEP 4. Calculate the operating margin emission factor according to the selected method.

STEP 5. Calculate the build margin (BM) emission factor.

STEP 6. Calculate the combined margin (CM) emission factor.

Step 1. Identify the relevant electricity systems

This hydropower project will be connected to the national electricity grid of Viet Nam, which is operated and monopolized by the EVN. This national electricity grid is the unique transmission and distribution line, to which all power plants in Viet Nam are physically connected. Hence the national electricity grid is the project electricity system.

There are electricity imports to the national electricity grid from China - another host country, thus the China Power Grid is the connected electricity system and the emission factor for the imported electricity is zero tons CO2 per MWh by default.

Step 2: Choose whether to include off-grid power plants in the project electricity system (optional)

There are 2 options in the tools to choose, including: Option I: Only grid power plants are included in the calculation. Option II: Both grid power plants and off-grid power plants are included in the calculation. Because only the data of grid connected power plants is available, so Option I will be chosen for calculating the grid emission factor.

Step 3. Select a method to determine the operating margin (OM)

The calculation of the operating margin emission factor (EFgrid,OM,y) is based on one of the following methods:

a) Simple OM;

b) Simple adjusted OM;

c) Dispatch data analysis OM;

d) Average OM.

The simple OM method (a) has been used to determine the OM for the project activity because low-cost/must-run resources in Viet Nam is 34.77 % constituting less than 50% of total grid generation in average of the five most recent years (for details see the table below).

Table 4: Rate of low cost/must-run sources based on generation24

Year 2004 2005 2006 2007 2008 Average Value for 2004-2008

Hydro Power (MWh)

17,858,651

16,365,438

19,508,244

22,385,232

25,933,762

102,051,327

Total Power (MWh)

44,974,169

50,330,468

57,160,493

66,348,589

74,689,636

293,503,355

Low-cost/Must-run Ratio 39.71% 32.52% 34.13% 33.74% 34.72% 34.77%

The emission factor is calculated using the ex-ante option determined at the validation stage with no

24 Data source from DNA Viet Nam




requirement for monitoring and recalculation during the crediting period. A 3-year generation-weighted average has been calculated with reference to years 2006, 2007 and 2008, which is the most recent data available at the time of submission of the CDM-PDD to the DOE for validation.

Since all grid connected power plants registered as CDM projects in Viet Nam are renewable energy projects (wind, hydro and biomass) there are no registered CDM projects in Viet Nam which satisfy the criteria for inclusion in the sample group.

Step 4. Calculate the OM emission factor according to the selected method

The simple OM emission factor is calculated as the generation-weighted average CO2 emissions per unit net electricity generation (tCO2/MWh) of all generating power plants serving the system, not including low-cost/must-run power plants units.

There are two Options proposed, including:

Option A: Based on data on the net electricity generation and a CO2 emission factor of each power unit, or Option B: Based on the total net electricity generation of all power plants serving the system and the fuel types and total fuel consumption of the project electricity system. Because the data for Option A is available, Option A “Calculation based on average efficiency and electricity generation of each plant” is used and then the simple OM emission factor is calculated as follows:

, ,

, , ,

,

grid OMsimple y

m y EL m ym

m ym

EG EFEF

EG

Where: EF

grid,OM,y = Simple operating margin CO

2 emission factor in year y (tCO

2/MWh)

EGm,y

= Net quantity of electricity generated and delivered to the grid by power unit m in year y (MWh)

EFEL,m,y

= CO2 emission factor of power unit m in year y (tCO

2/MWh)

m = All power plants/units serving the grid in year y except low-cost/must-run power plants/units

y Either the three most recent years for which data is available at the time of submission of the CDM-PDD to the DOE for validation (ex ante option)

Because the data on fuel consumption and electricity generation of power unit m is available, so the emission factor (EFEL,m,y) should be determined as Option A1 :

, ,

, , , 2, ,

,

EL m y

i m y i y CO i yi

m y

FC NCV EFEF

EG

Where:

EFEL,m,y


2/MWh)




FCi,m,y

= Amount of fossil fuel type i consumed by power plant/unit m in year y (mass or volume unit)

NCVi,y

= Net calorific value (energy content) of fossil fuel type i in year y (GJ/mass or volume unit)

EFCO2,i,y

= CO2 emission factor of fossil fuel type i in year y (tCO

2/GJ)

EGm,y

= Net electricity generated and delivered to the grid by all power sources serving the system, not including low-cost/must-run power plants/units, in year y (MWh)

i = All fossil fuel types combusted in power unit m in year y

y = The relevant year as per the data vintage chosen in Step 3

Table 5: OM emission factor in 2008

Year Total output (MWh) Total emission (tCO2e) OM 2008 (tCO2e/MWh)

A B (ΣB/ΣA)

2006 37,618,199.00 24,806,935

2007 43,921,501.00 27,553,093

2008 48,719,874.00 28,922,989

Total 130,259,574.00 81,283,018 0.6240

So EFgrid,OMsimple,y

is derived as follows:

EFgrid,OMsimple,y

= 0.6240 tCO2/MWh

Step 5. Calculate the BM emission factor

In terms of vintage of data, one of the following two options can be chosen:

Option 1: For the first crediting period, calculate the build margin emission factor ex ante based on the most recent information available on units already built for sample group m at the time of CDM-PDD submission to the DOE for validation. For the second crediting period, the build margin emission factor should be updated based on the most recent information available on units already built at the time of submission of the request for renewal of the crediting period to the DOE. For the third crediting period, the build margin emission factor calculated for the second crediting period should be used. This option does not require monitoring the emission factor during the crediting period, or

Option 2: For the first crediting period, the build margin emission factor shall be updated annually, ex post, including those units built up to the year of registration of the project activity or, if information up to the year of registration is not yet available, including those units built up to the latest year for which information is available. For the second crediting period, the build margin emissions factor shall be calculated ex ante, as described in Option 1 above. For the third crediting period, the build margin emission factor calculated for the second crediting period should be used..

The most recent information on units already built for sample group m is available, so Option 1 shall be chosen for the proposed project.

The sample group of power units m used to determine as per the following procedure, consistent with the data vintage selected above:




(a) Identify the set of five power units, excluding power units registered as CDM project activities, that started to supply electricity to the grid most recently (SET5-units) and determine their annual electricity generation (AEGSET-5-units, in MWh);

In 2008, the set of five power units that have been built most recently (SET5-units) is indicated in Annex 3 has annual generation (AEGSET-5-units) of 7,829,812.02 MWh.

(b) Determine the annual electricity generation of the project electricity system, excluding power units registered as CDM project activities (AEGtotal, in MWh). Identify the set of power units, excluding power units registered as CDM project activities, that started to supply electricity to the grid most recently and that comprise 20% of AEGtotal (if 20% falls on part of the generation of a unit, the generation of that unit is fully included in the calculation) (SET≥20%) and determine their annual electricity generation (AEGSET-≥20%, in MWh);

The total output of Viet Nam electricity grid (AEGtotal) in 2008 is 74,689,635.97 MWh then 20% of the total output of Viet Nam electricity grid in 2008 is 14,937,927.19 MWh.

Most recent-built power plants (SET≥20%) addition in the electricity system that comprise 20% of the system generation in 2008 is shown in the annex 3 have annual electricity generation (AEGSET-

≥20%) of 16,514,761.12 MWh.

(c) From SET5-units and SET≥20% select the set of power units that comprises the larger annual electricity generation (SETsample).

The comparison carried out by the project participants shows that the set of power capacity additions in the electricity system that comprise 20% of the system generation (in MWh) that have been built most recently has the larger annual generation (16,514,761.12 MWh) than the set of five power units that have been built most recently in 2008 does (7,829,812.02 MWh), and hence it is employed and SETsample.

There is no plant in SETsample is started to supply electricity to the grid more than 10 years ago, then use SETsample to calculate the build margin. The BM emissions factor is the generation-weighted average emission factor (tCO

2/MWh) of all power

units m during the most recent year y for which power generation data is available. It is calculated as follows:

, , ,

, ,

,

m y EL m ym

grid BM y

m ym

EG EF

EFEG

Where:

EFgrid,BM,y

= Build margin CO2 emission factor in year y (tCO

2/MWh)

EGm,y

= Net quantity of electricity generated and delivered to the grid by power unit m in year y (MWh)

EFEL,m,y


2/MWh)

m = Power units included in the build margin

y = Most recent historical year for which electricity generation data is available

Then EFgrid,BM,y

is derived as follows:

EFgrid,BM,y

= 0.4875 tCO2/MWh




Step 6. Calculate the combined margin emissions factor

According to the tool, the calculation of the combined margin (CM) emission factor (EFgrid, CM,y) is based on one of the following methods:

(a) Weighted average CM; or

(b) Simplified CM

As the project is located in Viet Nam a developing country and having more than 10 registered projects at starting date of validation, the PP chooses the weighted average CM method to calculate CM emission factor for the proposed project.

The CM emissions factor is calculated as follows:

grid,CM,y grid,OM,y OM grid,BM,y BMEF = EF × w + EF × w

Where:

EFgrid,BM,y = Build margin CO2 emission factor in year y (tCO2/MWh)

EFgrid,OM,y = Operating margin CO2 emission factor in year y (tCO2/MWh)

wOM

= Weighting of OM emissions factor (%)

wBM

= Weighting of BM emissions factor (%)

For the proposed project, the following default values are used: wOM

= 0.5 and wBM

= 0.5 in the first

crediting period, and wOM

= 0.25 and wBM

= 0.75 in the second and third crediting period.

So in the first crediting period, the CM emission factor is derived as follows:

EFgrid,CM,y = 0.5 × 0.6240 + 0.5 × 0.4875 = 0.5558 tCO2/MWh

The baseline emission factor EF shall be fixed for the crediting period. III. Leakage (LEy)

According to ACM0002_ version 12.3.0, no leakage emissions are considered. The main emissions potentially giving rise to leakage in the context of electric sector projects are emissions arising due to activities such as power plant construction and upstream emissions from fossil fuel use (e.g. extraction, processing, transport). These emissions sources are neglected. IV. Emission reductions (ERy)

Emission reductions are calculated as follows:

ERy = BEy - PEy

Where:

ERy Emission reductions in year y (tCO2e)

BEy Baseline emissions in year y (tCO2e)

PEy Project emissions in year y (tCO2)

E.6.2. Equations, including fixed parametric values, to be used for calculation of emission reductions of a CPA:




Data / Parameter: EFRes

Data unit: kgCO2e/MWh

Description: Default emission factor for emissions from reservoirs of hydro power plants

Source of data: Decision by EB23

Value to be applied: 90 kgCO2e/MWh

Any comment: Applicable to CPAs with a power density (PD) greater than 4 W/m2 and less than or equal to 10 W/m2

.

Data / Parameter: CapBL

Data unit: MW

Description: Installed capacity of hydropower plant before the implementation of the project activity.

Source of data used: This is a green-field project. This value does not exist prior to the implementation of the project activity

Value applied: 0

Justification of the choice of data or description of measurement methods and procedures actually applied :

The project activity constructs a new hydropower plant, so CapBL is considered as zero according to the applied methodology.

Any comment: For calculating the power density (PD)

Data / Parameter: ABL

Data unit: m2

Description: Area of the single or multiple reservoirs measured in the surface of the water, before the implementation of the project activity, when the reservoir is full. For new reservoirs, this value is zero.

Source of data used: This is a green-field project. This value does not exist prior to the implementation of the project activity

Value applied: 0

Justification of the choice of data or description of measurement methods and procedures actually applied :

The project activity builds a new single reservoir, so ABL is considered as zero according to the applied methodology.

Any comment: For calculating the power density (PD)

Data / Parameter: EFgrid,OM,y

Data unit: tCO2/MWh




Description: Operating margin CO2 emission factor for grid connected power generation in year y calculated using the latest version of “Tool to calculate the emission factor for an electricity system”.

Source of data used: Database for EF calculation is provided and requested to be used by DNA Viet Nam.

Value applied: 0.6240

Justification of the choice of data or description of measurement methods and procedures actually applied:

As per the “Tool to calculate the emission factor for an electricity system”

Any comment: For calculation of EFgrid,CM,y

Data / Parameter: EFgrid,BM,y

Data unit: tCO2/MWh

Description: Build margin CO2 emission factor for grid connected power generation in year y calculated using the latest version of “Tool to calculate the emission factor for an electricity system”

Source of data used: Database for EF calculation is provided and requested to be used by DNA Viet Nam



As per the “Tool to calculate the emission factor for an electricity system”

Any comment: For calculation of EFgrid,CM,y

Data / Parameter: EFgrid,CM,y

Data unit: tCO2/MWh

Description: Combined margin CO2 emission factor for grid connected power generation in year y calculated using the latest version of “Tool to calculate the emission factor for an electricity system”.

Source of data used: Database for EF calculation is provided and requested to be use by DNA Viet Nam






As per the “Tool to calculate the emission factor for an electricity system”.

Any comment: Fixed for crediting period.

E.6.3. Data and parameters that are to be reported in CDM-CPA-DD form: Not applicable. E.7. Application of the monitoring methodology and description of the monitoring plan:

E.7.1. Data and parameters to be monitored by each CPA: Data/Parameter: EGy, export Data unit: MWh

Description: Electricity supplied by the proposed CPA to the national grid, i.e. excluding the electricity generated by the proposed CPA used for internal consumption and losses.

Source of data to be used:

Direct measurement at the project connection point. .

Value of data applied for the purpose of calculating expected emission reductions in section B.5

To be specified in each CPA

Description of measurement methods and procedures to be applied:

Two-way power meters will be installed at the grid-connected point to measure the amount of electricity supplied and consumed by the proposed project. The readings of electricity meter will be hourly measured and monthly recorded. The recorded data will be confirmed by the joint balance sheet which will be signed by the representatives of EVN and the project owner. Electronic data will be archived within the crediting period and 2 years after the end of the crediting period.

Monitoring frequency Continuous measurement and monthly recording

QA/QC procedures to be applied:

The uncertainty level of this data is low. The measurement/ monitoring equipment should be complied with national standard and technology. These equipment and systems should be calibrated and checked every 2 year.

Any comment: For EGfacility,y = EGy, export - EGy, import,

Data / Parameter: EG y, import Data unit: MWh

Description: Electricity supplied by the national grid to the proposed CPA Source of data to be used:

Direct measurement at the project connection point

Value of data applied for the purpose of





calculating expected emission reductions in section B.5


Two-way power meters will be installed at the grid-connected point to measure the amount of electricity supplied and consumed by the proposed project. The readings of electricity meter will be hourly measured and monthly recorded. The recorded data will be confirmed by the joint balance sheet which will be signed by the representatives of EVN and the project owner. Electronic data will be archived within the crediting period and 2 years after the end of the crediting period.




Any comment: For EGfacility,y = EGy, export - EGy, import Data / Parameter: EG facility,y Data unit: MWh

Description: Net electricity supplied to the national grid by the proposed project


Calculating from EGy, import and EGy, export. So EGfacility,y has been excluded the electricity generated by the proposed project used for internal consumption and losses.




Calculating by subtracting EGy, import from EGy, export. Double checking by the joint balance sheet issued by EVN and project owner to ensure the consistency. Data will be archived within the crediting period and 2 years after the end of the crediting period.




Any comment: For CERs calculation Data / Parameter: TEGy Data unit: MWh Description: Total electricity produced by the project activity, including the electricity

supplied to the grid and the electricity supplied to internal loads, in year y. Source of data to be used:




Description of Directly measured power meters will be installed at the grid-connected point to




measurement methods and procedures to be applied:

measure the amount of generated electricity. The readings of electricity meter will be hourly measured and monthly recorded. Electronic data will be archived within the crediting period and 2 years after the end of the crediting period.

Monitoring frequency Continuous measurement and monthly recording QA/QC procedures to be applied:

The uncertainty level of this data is low.

Any comment: Applicable to CPAs with a power density (PD) greater than 4 W/m2 and less than or equal to 10 W/m2

.

Data / Parameter: APJ Data unit: m2

Description: Area of the single or multiple reservoirs measured in the surface of the water, after the implementation of the project activity, when the reservoir is full.


Feasibility Study




Measured from topographical surveys and maps yearly

Monitoring frequency Yearly QA/QC procedures to be applied:

The uncertainty level of this data is low.

Any comment: For the calculation of PD

Data / Parameter: CapPJ Data unit: W Description: Installed capacity of the hydro power plant after the implementation of the

project activity. Source of data to be used:

Project site




Determine the installed capacity by taking photographs of the nameplates. And the value in nameplate will be included in the monitoring report.

Monitoring frequency Yearly QA/QC procedures to be applied:

The capacity of this project will not be changed. The monitoring of CapPJ will be taken yearly can will be confirmed by the Verifier

Any comment: For the calculation of PD




E.7.2. Description of the monitoring plan for a CPA: 1. Monitoring Plan Objective and Organisation The purpose of the monitoring plan is to measure the net electricity delivered to the local electricity grid by the CPA. The net electricity will be calculated by subtracting the electricity exported with the electricity imported by the CPA. To ensure that the data is reliable and transparent, the CPA owner will establish Quality Assurance and Quality Control (QA&QC) measures to effectively control and manage data reading, recording, auditing as well as archiving data and all relevant documents. 2. Monitoring Data and archiving Data to be monitored is the net electricity delivered to the local regional grid by the project. The monitoring data is derived from periodic electricity meter records kept by the project owners and/or the grid company, which are crosschecked with actual invoices sent by project owners to the grid company. The operator of the hydro plant will be responsible for collecting the monitoring data and will provide the CME with meter readings for electricity delivered and if available calibration certificates. Details of the CPA monitoring plan will be described for each CPA. The data will be archived electronically and be stored for 2 years after the end of the crediting period of each CPA by the CME. 3. Calculation approaches Calculation of ex-post emission reductions is carried out for each CPA as per following equation:

ER[CPA],y=(EG[CPA],y,export – EG[CPA],y,import)*EFgrid,CM,y – PE[CPA],y

Where:

ERCPA,y Emission Reductions from CPA in year y; t CO2

EG[CPA],y,export Electricity exported by CPA in year y; kWh

EG[CPA],y,import Electricity imported by CPA in year y; kWh

EFgrid,CM,y CO2 Emission Factor of the grid where the CPA is connected; t CO2e/kWh PE[CPA],y Project emissions from [CPA] in year y (tCO2).

4. Quality Assurance and Quality Control The installation location of the meters is detailed in each CPA. The CPA owner will implement QA&QC measures to calibrate and guarantee the accuracy of metering and safety of the project operation. The metering devices will be calibrated and inspected properly and periodically as per standard industry norms and requirements. The grid company and the project owners are responsible for operation and maintenance of their respective electricity meters.




5. Verification of monitoring results The responsibilities for verification of the projects are defined in each CPA. The CPA also defines the responsibility for providing the DOE with all required necessary information, before, during and in the event of queries, after the verification. E.8. Date of completion of the application of the baseline study and monitoring methodology and the name of the responsible person(s)/entity(ies) Date: 21/9/2011 The responsible entities: The baseline and monitoring sections have been prepared by Vietnam PoA Carbon Management Joint Stock Company and South Pole Carbon Asset Management Ltd. Company name: Vietnam PoA Carbon Management Joint Stock Company Contact person: Dang Hong Hanh E-mail: [email protected] Company name: South Pole Carbon Asset Management Ltd. Contact person: Francisco Koch E-mail: [email protected] Company name: South Pole Carbon Asset Management Ltd. Contact person: Patrick Horka E-mail: [email protected]




Annex 1

CONTACT INFORMATION ON COORDINATING/MANAGING ENTITY and PARTICIPANTS IN THE PROGRAMME of ACTIVITIES

Organization: Vietnam PoA Carbon Management Joint Stock Company Street/P.O.Box: Floor 6, Alley 85, LeVanLuong Street Building: -- City: Hanoi State/Region: -- Postfix/ZIP: -- Country: Viet Nam Telephone: + 84 – 4 – 35579753 FAX: + 84 – 4 – 35579755 E-Mail: [email protected] URL: www.eec.vn Represented by: Dang Thi Hong Hanh Title: Director Salutation: Mrs Last Name: Dang Middle Name: Thi Hong First Name: Hanh Department: -- Mobile: + 84 – 917.291.417 Direct FAX: + 84 – 4 – 35579755 Direct tel: + 84 – 4 – 35579753 Personal E-Mail: [email protected]




Organization: South Pole Carbon Asset Management Ltd

Street/P.O.Box: Technoparkstrasse 1

Building: --

City: Zurich

State/Region: --

Postfix/ZIP: CH_8005

Country: Switzerland

Telephone: + 41 44 633 78 70

FAX:

E-Mail:

URL: www.southpolecarbon.com

Represented by: -

Title: Managing Partner

Salutation: Mr

Last Name: Heuberger

Middle Name:

First Name: Renat

Department: --

Mobile: + 41 79 549 39 51

Direct FAX:

Direct tel:

Personal E-Mail: [email protected]




Annex 2

INFORMATION REGARDING PUBLIC FUNDING Viet Nam Small Hydro PoAdoes not receive public funding.

PROJECT DESIGN DOCUMENT FORM (CDM PDD) - Version 03


49

Annex 3

BASELINE INFORMATION Data sources using to calculate EFCM, grid is provided and requested to be used by DNA Viet Nam.

Data of power plants in the Viet Nam national grid in 2006, 2007 and 2008

Table 6: Data for calculating of EFgrid, OM, 2006

Power Plant

Total electrictiy generation supply to the grid (MWh)

Main fuel consumed Fuel included

Volume of emissions

Type of

fuel

Fuel consumpti

on Net calorific values

Emission factor of fuel

Type of fuel

Fuel consum

ption Net calorific values


Coal, DO, FO: kt; Gas:

mill.m3

Coal, DO, FO:

kCal/kg; Gas:

MJ/m3

Coal, DO, FO: GJ/kt;

Gas: GJ/mill.m3

kg CO2/T

J tCO2/GJ

Coal, DO, FO: kt;

Gas: mill.m3

Coal, DO, FO:

kCal/kg; Gas:

MJ/m3


Gas: GJ/mill.m3

kg CO2/TJ

tCO2/GJ

t CO2

A B C D E

Coal, DO, FO: F=E*4.1868 Gas: F=E*1000

G H=

G/10^6 I J K

L=K*4.1868

M N=

M/10^6 O=D*F*H+J*L*N

Coal-fired 8,989,230 5,645.86 11,359,495

Phả Lại 1 2,462,209 Coal 1,717 4,953 20,737 94,600 0.0946 FO 7.62 9,800 41,031 75500 0.0755 3,391,921

Phả Lại 2 3,696,205 Coal 1,951 5,039 21,097 94,600 0.0946 FO 3.76 9,800 41,031 75500 0.0755 3,905,457

Uông Bí 766,634 Coal 554 5,258 22,014 94,600 0.0946 FO 1.52 10,097 42,273 75500 0.0755 1,157,907

Uông Bí 2 0 Coal 0 0 0 94,600 0.0946 FO 0.00 0 0 75500 0.0755 0

Ninh Bình 721,277 Coal 440 5,421 22,697 94,600 0.0946 FO 0.09 10,376 43,442 75500 0.0755 945,313



50

Na Dương 641,510 Coal 514 4,006 16,770 94,600 0.0946 FO 0.35 7,496 31,386 75500 0.0755 816,283

Cao Ngạn 0 Coal 0 0 0 94,600 0.0946 FO 0.00 0 0 75500 0.0755 0

Formosa 701,395 OtherBituminousCoal

470 6,483 27,143 89,500 0.0895 FO 0.23 9,810 41,073 75500 0.0755 1,142,615

Gas Turbine

26,542,978 5,813.38 12,081,953

Gas-Turbine-Gas

18,838,764 5,743.23528 11,851,782

Bà Rịa 1,308,583 Gas 436.24 34.85 34,850 54,300 0.0543 - 0 0 0 0 825,524

Phú Mỹ 10,073,917 Gas 2,432.92 37.17 37,173 54,300 0.0543 - 0 0 0 0 4,910,834

Gas 523.22 38.80 38,797 54,300 0.0543 - 0 0 0 0 1,102,253

Phú Mỹ 3 2,531,004 Gas 703.82 38.75 38,750 54,300 0.0543 - 0 0 0 0 1,480,929

Nhơn Trạch

0 Gas 0.00 0.00 0 54,300 0.0543 - 0 0 0 0 0

Cà Mau 1&2

0 Gas 0.00 0.00 0 54,300 0.0543 DO 0 10,050 42,077 72600 0.0726 0

Phú Mỹ 2.2

4,838,810 Gas 1,354.87 38.75 38,750 54,300 0.0543 - 0 0 0 0 2,850,809

VÊ ĐAN 47,894 Gas 236.67 42.80 42,800 54,300 0.0543 FO 1.09 9,665 40,465 75500 0.0755 553,370

Đạm Phú Mỹ

38,556 Gas 55.49 42.50 42,500 54,300 0.0543 - 128,062

Gas-Turbine-Oil

233,582 70.14 230,171

Bà Rịa 13,958 DO 4 10,300 43,124 72,600 0.0726 - 0 0 0 13,900

Phú Mỹ 67,721 DO 18 10,895 45,615 72,600 0.0726 - 0 0 0 60,637

Phú Mỹ 3 12,615 DO 3 10,255 42,936 72,600 0.0726 - 0 0 0 10,369

Phú Mỹ 2.2

0 DO 0 0 0 72,600 0.0726 - 0 0 0 0

CẦN THƠ 106,998 DO 33 10,860 45,469 72,600 0.0726 - 0 0 0 110,304

THỦ ĐỨC 32,290 DO 11 10,800 45,217 72,600 0.0726 - 0 0 0 34,962

Steam tail 7,470,632 0 0

Bà Rịa 660,965 Steam tail 0 0 0 - 0 0 0 0

Phú Mỹ 5,336,338 Steam tail 0 0 0 - 0 0 0 0



51

Phú Mỹ 3 1,473,329 Steam tail 0 0 0 - 0 0 0 0

Nhơn Trạch

0 Steam tail 0 0 0 - 0 0 0 0

Cà Mau 1&2

0 Steam tail 0 0 0 - 0 0 0 0

Phú Mỹ 2.2

0 Steam tail 0 0 0 - 0 0 0 0

Oil-fired 1,043,991 397.65 1,295,034

HIỆP PHƯỚC

453,303 FO 229 10,220 42,789 75,500 0.0755 DO 0.011 10,150 42,496 72600 0.0726 740,161

CẦN THƠ 118,748 FO 36 10,226 42,814 75,500 0.0755 DO 1.9693 10,860 45,469 72600 0.0726 122,939

THỦ ĐỨC 471,940 FO 133 10,300 43,124 75,500 0.0755 DO 0.132 10,800 45,217 72600 0.0726 431,933

Diesel FO 80,000 16.60 50,374

CÁI LÂN - VINASHIN

0 FO 0 0 0 75,500 0.0755 - 0 0 0 0

AMATA 80,000 FO 16.60 9,600 40,193 75,500 0.0755 - 0 0 0 50,374

Diesel DO 25,000 6.39 20,080

NM điện Đồng Khởi (Bến Tre)

3,150 DO 0.81 10,700 44,799 72,600 0.0726 - 0 0 0 2,621

NM điện Diesel Cà Mau

3,123 DO 0.83 10,970 45,929 72,600 0.0726 - 0 0 0 2,776

NM điện Diesel An Giang

1,505 DO 0.39 10,305 43,145 72,600 0.0726 - 0 0 0 1,222

Điện lực Đồng Tháp

119 DO 0.03 10,320 43,208 72,600 0.0726 - 0 0 0 107

Điện lực Bình Thuận

6,372 DO 1.54 10,150 42,496 72,600 0.0726 - 0 0 0 4,745

Diesel khác

10,732 DO 2.79 10,150 42,496 72,600 0.0726 - 0 0 0 8,609

Import 937,000 - 0 0 0 - 0 0 0 0

Total generated electricity

MWh 37,618,199



52

Total emissions

tCO2 24,806,935

Emission factor

tCO2/MWh

0.6594



53


Power Plant

Total electricti

y generation supply

to the grid

(MWh)


Volume of emissions

Type of fuel

Fuel consumpti

on

Net calorific values


Type of

fuel

Fuel consumpti

on



Coal, DO, FO: kt; Gas: mill.m3

Coal, DO, FO:

kCal/kg; Gas: MJ/m3


Gas: GJ/mill.m

3

kg CO2/

TJ

tCO2/GJ


Coal, DO, FO:

kCal/kg; Gas: MJ/m3


Gas: GJ/mill.m

3

kg CO2/

TJ

tCO2/GJ

t CO2

A B C D E


G H=

G/10^6 I J K

L=K*4.1868

M N=

M/10^6

O=D*F*H+J*L*N

Coal-fired

9,836,548 6,386.09 12,753,376

Phả Lại 1 2,501,117 Coal 1,728 4,946 20,708 94,600 0.0946 FO 6.59 9,800 41,031 75500 0.0755 3,405,500

Phả Lại 2 3,804,655 Coal 2,054 5,021 21,022 94,600 0.0946 FO 4.66 9,800 41,031 75500 0.0755 4,099,163

Uông Bí 705,798 Coal 526 5,210 21,813 94,600 0.0946 FO 1.74 11,975 50,137 75500 0.0755 1,091,402

Uông Bí 2 520,000 Coal 281 5,021 21,022 94,600 0.0946 FO 0.64 11,975 50,137 75500 0.0755 560,689 Ninh Bình

652,506 Coal 412 5,286 22,131 94,600 0.0946 FO 0.10 10,376 43,442 75500 0.0755 861,910

Na Dương

660,540 Coal 546 4,076 17,067 94,600 0.0946 FO 0.17 9,973 41,754 75500 0.0755 882,111

Cao Ngạn 352,577 Coal 330 4,980 20,850 94,600 0.0946 FO 1.52 9,800 41,031 75500 0.0755 654,693


511 6,259 26,205 89,500 0.0895 FO 0.11 9,802 41,039 75500 0.0755 1,197,908

Gas Turbine

29,474,918

6,074.22 12,697,127

Gas-Turbine-Gas

20,023,591

5,910.94184 12,162,774

Bà Rịa 1,244,019 Gas 416.89 34.85 34,850 54,300 0.0543 - 0 0 0 0 788,908

Phú Mỹ 10,700,73

7

Gas 3,040.39 36.99 36,988 54,300 0.0543 - 0 0 0 0 6,106,460

Gas 99.85 38.49 38,486 54,300 0.0543 - 0 0 0 0 208,659



54

Phú Mỹ 3 2,393,620 Gas 665.69 38.56 38,560 54,300 0.0543 - 0 0 0 0 1,393,825 Nhơn Trạch

0 Gas 0.00 0.00 0 54,300 0.0543 - 0 0 0 0 0

Cà Mau 1&2

697,572 Gas 15.82 39.00 39,000 54,300 0.0543 DO 20.669 10,050 42,077 72600 0.0726 96,631

Phú Mỹ 2.2

4,942,360 Gas 1,383.86 38.56 38,560 54,300 0.0543 - 0 0 0 0 2,897,539

VÊ ĐAN 26,742 Gas 229.22 42.80 42,800 54,300 0.0543 FO 0.44 9,665 40,465 75500 0.0755 534,065 Đạm Phú Mỹ

18,542 Gas 59.23 42.50 42,500 54,300 0.0543 - 0 0 0 136,686

Gas-Turbine-Oil

557,880 163.27 534,353

Bà Rịa 80,828 DO 25.33 10,300 43,124 72,600 0.0726 - 0 0 0 79,318

Phú Mỹ 240,652 DO 64.92 10,895 45,615 72,600 0.0726 - 0 0 0 214,993

Phú Mỹ 3 17,278 DO 4.50 10,244 42,890 72,600 0.0726 - 0 0 0 14,027 Phú Mỹ 2.2

0 DO 0.00 0 0 72,600 0.0726 - 0 0 0 0

CẦN THƠ

148,862 DO 45.10 10,880 45,552 72,600 0.0726 - 0 0 0 149,165

THỦ ĐỨC

70,260 DO 23.41 10,800 45,217 72,600 0.0726 - 0 0 0 76,850

Steam tail 8,893,447 0 0

Bà Rịa 618,329 Steam tail 0 0 0 - 0 0 0 0

Phú Mỹ 5,986,286 Steam tail 0 0 0 - 0 0 0 0

Phú Mỹ 3 1,377,820 Steam tail 0 0 0 - 0 0 0 0 Nhơn Trạch

0 Steam tail 0 0 0 - 0 0 0 0

Cà Mau 1&2

911,012 Steam tail 0 0 0 - 0 0 0 0

Phú Mỹ 2.2

0 Steam tail 0 0 0 - 0 0 0 0

Oil-fired 1,834,409 614.06 1,996,185 HIỆP PHƯỚC

1,102,498 FO 410 10,196 42,690 75,500 0.0755 DO 0.018 10,150 42,496 72600 0.0726 1,322,437

CẦN THƠ

128,641 FO 38 10,215 42,768 75,500 0.0755 DO 3.1779 10,880 45,552 72600 0.0726 133,040

THỦ ĐỨC

603,270 FO 166 10,300 43,124 75,500 0.0755 DO 0.24 10,800 45,217 72600 0.0726 540,708



55

Diesel FO 104,626 25.15 77,907 CÁI LÂN - VINASHIN

104,626 FO 25.15 9,800 41,031 75,500 0.0755 - 0 0 0 77,907

AMATA 0 FO 0.00 9,600 40,193 75,500 0.0755 - 0 0 0 0 Diesel DO

42,000.00 9.16 28,498.99


4,483.00 DO 1.14 10,700 44,799 72,600 0.0726 - 0 0 0 3,717


6,820.60 DO 0.18 10,870 45,511 72,600 0.0726 - 0 0 0 588


1,628.51 DO 0.42 10,305 43,145 72,600 0.0726 - 0 0 0 1,316


272.26 DO 0.08 10,320 43,208 72,600 0.0726 - 0 0 0 243


7,246.00 DO 1.73 10,150 42,496 72,600 0.0726 - 0 0 0 5,349

Diesel khác

21,549.63 DO 5.60 10,150 42,496 72,600 0.0726 - 0 0 0 17,286

Import 2,629,000 - 0 0 0 - 0 0 0 0


MWh 43,921,501

Total emissions

tCO2 27,553,093

Emission factor

tCO2/MWh

0.6273



56


Power Plant

Total electricti

y generation supply

to the grid

(MWh)


Volume of emissions

Type of fuel

Fuel consumpti

on



Type of

fuel

Fuel consumpti

on




Coal, DO, FO:

kCal/kg; Gas: MJ/m3


Gas: GJ/mill.m

3

kg CO2/

TJ

tCO2/GJ


Coal, DO, FO:

kCal/kg; Gas: MJ/m3


Gas: GJ/mill.m

3

kg CO2/

TJ

tCO2/GJ

t CO2

A B C D E


G H=

G/10^6 I J K

L=K*4.1868

M N=

M/10^6

O=D*F*H+J*L*N

Coal-fired

10,055,394

6,483.99 12,854,854

Phả Lại 1 2,299,140 Coal 1,621 4,788 20,046 94,600 0.0946 FO 7.66 9,800 41,031 75500 0.0755 3,097,779

Phả Lại 2 3,929,218 Coal 2,081 4,995 20,913 94,600 0.0946 FO 4.05 9,800 41,031 75500 0.0755 4,129,534

Uông Bí 722,746 Coal 515 5,216 21,838 94,600 0.0946 FO 1.13 10,087 42,231 75500 0.0755 1,068,215

Uông Bí 2 532,000 Coal 282 4,995 20,913 94,600 0.0946 FO 0.55 10,087 42,231 75500 0.0755 559,172

Ninh Bình 675,372 Coal 431 5,191 21,734 94,600 0.0946 FO 0.16 10,376 43,442 75500 0.0755 887,373

Na Dương 627,930 Coal 532 4,034 16,889 94,600 0.0946 FO 0.20 9,923 41,545 75500 0.0755 850,587

Cao Ngạn 708,693 Coal 526 4,980 20,850 94,600 0.0946 FO 0.75 9,800 41,031 75500 0.0755 1,040,482


495 6,579 27,545 89,500 0.0895 FO 0.28 9,808 41,064 75500 0.0755 1,221,712

Gas Turbine

33,857,135

6,893.46 14,245,795

Gas-Turbine-Gas

22,396,231

6,839.11484 14,067,937

Bà Rịa 1,331,905 Gas 450.37 34.85 34,850 54,300 0.0543 - 0 0 0 0 852,263



57

Phú Mỹ 11,085,99

7

Gas 3,193.95 36.99 36,991 54,300 0.0543 - 0 0 0 0 6,415,396

Gas 72.54 38.18 38,184 54,300 0.0543 - 0 0 0 0 150,402

Phú Mỹ 3 3,167,237 Gas 883.26 38.59 38,590 54,300 0.0543 - 0 0 0 0 1,850,807

Nhơn Trạch

544,809 Gas 166.38 40.50 40,500 54,300 0.0543 - 0 0 0 0 365,894

Cà Mau 1&2

2,106,807 Gas 647.24 39.00 39,000 54,300 0.0543 DO 4.417 10,050 42,077 72600 0.0726 1,384,155

Phú Mỹ 2.2

4,141,980 Gas 1,159.75 38.59 38,590 54,300 0.0543 - 0 0 0 0 2,430,192

VÊ ĐAN 12,780 Gas 209.48 42.80 42,800 54,300 0.0543 FO 0.79 9,665 40,465 75500 0.0755 489,253

Đạm Phú Mỹ

4,716 Gas 56.15 42.50 42,500 54,300 0.0543 - 0 0 0 129,573

Gas-Turbine-Oil

183,088 54.35 177,858

Bà Rịa 34,460 DO 10.64 10,300 43,124 72,600 0.0726 - 0 0 0 33,325

Phú Mỹ 69,324 DO 18.69 10,895 45,615 72,600 0.0726 - 0 0 0 61,895

Phú Mỹ 3 0 DO 0.00 10,246 42,898 72,600 0.0726 - 0 0 0 0

Phú Mỹ 2.2

0 DO 0.00 0 0 72,600 0.0726 - 0 0 0 0

CẦN THƠ

62,274 DO 19.39 10,890 45,594 72,600 0.0726 - 0 0 0 64,189

THỦ ĐỨC

17,030 DO 5.62 10,800 45,217 72,600 0.0726 - 0 0 0 18,449

Steam tail 11,277,81

6 0 0

Bà Rịa 658,459 Steam tail 0 0 0 - 0 0 0 0

Phú Mỹ 6,037,037 Steam tail 0 0 0 - 0 0 0 0

Phú Mỹ 3 1,853,448 Steam tail 0 0 0 - 0 0 0 0

Nhơn Trạch

0 Steam tail 0 0 0 - 0 0 0 0

Cà Mau 1&2

2,728,872 Steam tail 0 0 0 - 0 0 0 0

Phú Mỹ 2.2

0 Steam tail 0 0 0 - 0 0 0 0

Oil-fired 1,481,880 534.59 30,715 128,598 226,500 0 0 4 31,840 133,308 217,800 1,741,069



58

HIỆP PHƯỚC

877,631 FO 366 10,195 42,685 75,500 0.0755 DO 0.019 10,150 42,496 72600 0.0726 1,179,989

CẦN THƠ

66,709 FO 20 10,220 42,789 75,500 0.0755 DO 3.7286 10,890 45,594 72600 0.0726 76,804

THỦ ĐỨC

537,540 FO 149 10,300 43,124 75,500 0.0755 DO 0.228 10,800 45,217 72600 0.0726 484,277

Diesel FO 90,465 22.48 69,633


90,465 FO 22.48 9,800 41,031 75,500 0.0755 - 0 0 0 69,633

AMATA 0 FO 0.00 9,600 40,193 75,500 0.0755 - 0 0 0 0

Diesel DO

15,000 3.73 11,638


860.00 DO 0.22 10,700 44,799 72,600 0.0726 - 0 0 0 719


1,273.50 DO 0.33 10,940 45,804 72,600 0.0726 - 0 0 0 1,095


252.86 DO 0.07 10,305 43,145 72,600 0.0726 - 0 0 0 219


51.25 DO 0.01 10,320 43,208 72,600 0.0726 - 0 0 0 45


7,575.00 DO 1.80 10,150 42,496 72,600 0.0726 - 0 0 0 5,560

Diesel khác

4,987.39 DO 1.30 10,150 42,496 72,600 0.0726 - 0 0 0 4,001

Import 3,220,000 - 0 0 0 - 0 0 0 0


MWh 48,719,874

Total emissions

tCO2 28,922,989

Emission factor

tCO2/MWh

0.5937



59

Table 9: Data for calculating of EFgrid, BM, 2008

Total domestic electricity generation of Viet Nam Grid in 2008 74,689,635.97 MWh

20% of domestic electricity generation of Viet Nam Grid in 2008

14,937,927.19 MWh

Power Plant

Commission year

Grid-connected out put (MWh)

Main fuel Included fuel

Type of Fuel

Fuel consumed

Net calorific value Emission factor of

fuel

Type of

Fuel

Fuel consumed

Net calorific value Emission factor of

fuel Volume of emissions

Coal, DO, FO: kt; Gas:

mill.m3

Coal, DO, FO:

kCal/kg; Gas:

MJ/m3


Gas: GJ/mill.m3

kg CO2/TJ

tCO2/GJ

Coal, DO, FO: kt;

Gas: mill.m3

Coal, DO, FO:

kCal/kg; Gas:

MJ/m3


Gas: GJ/mill.m3

kg CO2/TJ

tCO2/GJ t CO2

A B C D E F

Coal, DO, FO: G=F*4.1868 Gas: G=F*1000

H I=

H/10^6 J K L M=L*4.1868 N

O= N/10^6

P=E*G*I+K*M*O

5 most recently power plants

A Vương 2008 168,103.50 Hydropower

Tuyên Quang

2008 1,136,112.18 Hydropower

Đại Ninh 2008 1,145,108.50 Hydropower

Nhơn Trạch 2008 544,808.60 Gas 166.38 40.50 40,500 54300 0.0543 - 0 0 0 0 365,893.98

Cà Mau 1&2

2007 2,106,807.24 Gas 647.24 39.00 39,000 54300 0.0543 DO 4.417 10,050 42,077 72600 0.0726 1,384,155.38

2,728,872.00 Đuôi hơi

Total 7,829,812.02

Most recently power plant capacity additions in the electricity system that comprise 20%

A Vương 2008 168,103.50 Hydropower

SROC Phu Mieng IDICO

2006 241,556.00 Hydropower

SÊ SAN 3A

2006 394,895.70 Hydropower

Tuyên Quang

2008 1,136,112.18 Hydropower

Đại Ninh 2008 1,145,108.50 Hydropower

SÊ SAN 3 2006 1,131,614.00 Hydropower

Quảng Trị 2007 250,804.40 Hydropower



60

Uông Bí 2 2007 532,000.00 Coal 281.759 4,995 20,913 94600 0.0946 FO 0.548 10,087 42,231 75500 0.0755 559,171.64

Na Dương 2005 627,930.00 Coal 532 4,034 16,889 94600 0.0946 FO 0.20 9,923 41,545 75500 0.0755 850,586.89

Cao Ngạn 2007 708,693.00 Coal 526 4,980 20,850 94600 0.0946 FO 0.75 9,800 41,031 75500 0.0755 1,040,481.82

Nhơn Trạch 2008 544,808.60 Gas 166.38 40.50 40,500 54300 0.0543 - 0 0 0 0 365,893.98

Cà Mau 1&2

2007 2,106,807.24 Gas 647.24 39.00 39,000 54300 0.0543 DO 4.417 10,050 42,077 72600 0.0726 1,384,155.38

2,728,872.00 Đuôi hơi

Đạm Phú Mỹ

2006 4,716.00 Gas 56.15 42.50 42,500 54300 0.0543 - 0 0 0 129,573.24


2007 90,465.01 FO 22.48 9,800 41,031 75500 0.0755 - 0 0 0 69,632.65

Formosa 2004 560,295.00 OtherBituminousCoal 495 6,579 27,545 89500 0.0895 FO 0.28 9,808 41,064 75500 0.0755 1,221,712.26

Phú Mỹ 2.2 2004 4,141,980.00 Gas 1,159.75 38.59 38,590 54300 0.0543 - 0 0 0 0 2,430,192.28

Total 16,514,761.12 8,051,400.14


MWh 16,514,761.12

Total emissions

tCO2 8,051,400.14

Emission factor

tCO2/MWh 0.4875



61

Table 10: CO2 emission factor according to IPCC

Fuel Type

Default Carbon Content (kg/GJ)

Default Carbon Oxidation Factor

Emission factor CO2 (kg/TJ)

Default Value 95% Confidence interval

Lower25 Upper

Gas/Diesel DO 20.2 1 74,100 72,600 74,800

Fuel FO 21.1 1 77,400 75,500 78,800

Anthracite Coal 26.8 1 98,300 94,600 101,000

Bitum Coal types 25.8 1 94,600 89,500 99,700

Natural Gas 15.3 1 56,100 54,300 58,300

25 The lower value has been used to calculate the Grid Emission Factor for conservative

PROJECT DESIGN DOCUMENT FORM (CDM-SSC-PDD) - Version 03

CDM – Executive Board

62

Annex 4

MONITORING INFORMATION

- - - - -

PROGRAMME OF ACTIVITIES DESIGN DOCUMENT FORM …PROGRAMME OF ACTIVITIES DESIGN DOCUMENT FORM...

Documents

Transcript of PROGRAMME OF ACTIVITIES DESIGN DOCUMENT FORM …PROGRAMME OF ACTIVITIES DESIGN DOCUMENT FORM...